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Priceline Group Acquires OpenTable for $2.6 Billion

Posted on the 13 June 2014 by Worldwide @thedomains

Priceline has acquired reported that Priceline has acquired for $103 a share or $2.6 billion.

From the article:

Priceline has announced that they’ve entered into a definitive agreement whereby The Priceline Group will acquire OpenTable for $103 per share in an all cash transaction valued at $2.6 billion.

Notably, OpenTable has been integrated into iOS by Apple, letting users make reservations via Siri. For instance, users can ask Siri to “Find a table for two at the local pizza place.” If the restaurant supports it, Siri will use Opentable too reserve the table.

“OpenTable is a great match for The Priceline Group. They provide us with a natural extension into restaurant marketing services and a wonderful and highly-valued booking experience for our global customers,” said Darren Huston, President & CEO of The Priceline Group. “We look forward to helping the OpenTable team accelerate their global expansion, increase the value offered to their restaurant partners, and enhance the end-to-end experience for our collective customers across desktop and mobile devices.”

Read the full story here

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