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 . . .

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