Priceline to buy OpenTable


NYT: The online travel booking website will acquire the restaurant reservation service for $2.6 billion.

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NYT: The online travel booking website will acquire the restaurant reservation service for $2.6 billion.

Under the terms of the deal, Priceline will pay $103 a share through a tender offer for OpenTable’s shares. The offer represents a 46 percent premium to Thursday’s closing price.

Adding OpenTable is a bet by Priceline that it can continue to grow by adding another prominent brand to its stable of sites, which include Kayak and Booking.com.

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