Priceline to purchase restaurant booking company OpenTable Inc. for $2.6 billion

The offer of $103 per share values OpenTable at 46 percent higher than the company’s closing share on June 12

The Priceline Negotiator picks up another sale. But this time, it’s not connecting customers to travel prices online, but rather Priceline Group Inc. itself to a valuable property in the restaurant bookings business: OpenTable Inc.

Priceline announced on June 13 that it would purchase OpenTable for $2.6 billion, adding the online property to an expanding stable of domains that includes Kayak and Booking.com. The offer of $103 per share values OpenTable at 46 percent higher than the company’s closing share on June 12.

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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