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