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This article was published on June 13, 2014


    Priceline snaps up OpenTable for a tasty $2.6bn

    Priceline snaps up OpenTable for a tasty $2.6bn
    Ben Woods
    Story by

    Ben Woods

    Europe Editor

    Ben is a technology journalist with a specialism in mobile devices and a geeky love of mobile spectrum issues. Ben used to be a professional Ben is a technology journalist with a specialism in mobile devices and a geeky love of mobile spectrum issues. Ben used to be a professional online poker player. You can contact him via Twitter or on Google+.

    Priceline, a platform for finding and booking hotels, flights, cruises, car hire and more, has announced that it will purchase online restaurant reservation platform OpenTable.

    Announced today, the deal sees OpenTable’s shares snapped up for $103 each, making a total company valuation of $2.6 billion.

    Priceline described OpenTable as a “great match” and said the purchase provides a “natural extension into restaurant marketing services”. Priceline also said that OpenTable would continue to be based in San Francisco and would remain operating as an independent business led by its current management team, so there shouldn’t be too many changes afoot.

    The Priceline Group Agrees to Acquire OpenTable, Inc [PDF]

    Featured Image Credit – Shutterstock