Priceline Group

Priceline Buys OpenTable Inc For $2.6 Billion In Cash

Priceline Group Inc (NASDAQ:PCLN) has offered $2.6 billion ($103 per share) in cash to buy restaurant booking company OpenTable Inc (NASDAQ:OPEN), paying a 46% premium over yesterday’s closing price of $70, reports Drew Fitzgerald for The Wall Street Journal. Shares of OpenTable made up the difference in pre-market trading while Priceline gained 1%. Like most other internet stocks, Priceline outperformed the . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers