logo
Share SHARE
FONT-SIZE Plus   Neg

Priceline Group To Buy OpenTable For $2.6 Bln - Quick Facts

Priceline Group Inc. (PCLN) has agreed to acquire OpenTable, Inc. (OPEN) in a cash deal worth $103 per share or $2.6 billion.

With more than 15 million diners seated per month across over 31,000 restaurants, OpenTable is an online restaurant reservations provider. OpenTable has seated over 125 million diners worldwide through its mobile solutions, launched in 2008.

OpenTable would continue to be headquartered in San Francisco, CA and would operate as an independent business led by its current management team within The Priceline Group.

The boards of both the companies have approved the purchase, which would be effected via. a tender offer and may close in the third quarter of 2014, including the receipt of regulatory clearance.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
As most of us are painfully aware, the days of the pension are mostly gone. The percentage of employers still offering a traditional defined benefit pension plan to newly hired employees fell from about 50% to 5% between 1998 and 2015, according to advisory firm Willis Towers Watson. Many companies... Cruise Critic, a cruise reviews and information site, has announced its 10th annual Editors' Picks Awards for the best cruise ships and lines of 2017. The awards are given in three categories - ocean cruises, luxury cruises and river cruises. Viking Cruises, with five wins, topped the list of award winners. Following Viking in second spot was Crystal Cruises, with four awards. French real estate company Unibail-Rodamco SE Tuesday announced that it has entered into an agreement to acquire Australian shopping centre group Westfield Corp. in a deal that implies an enterprise value of $24.7 billion. The deal is expected to create the world's premier developer and operator of flagship shopping destinations with 61.1 billion euros or $72.2 billion of Gross Market Value.
comments powered by Disqus
Follow RTT