clock menu more-arrow no yes mobile

Priceline Is buying OpenTable for $2.6 billion

Priceline announced on Friday it is buying online reservation site OpenTable for $103 per share, or about $2.6 billion.

In premarket trade, OpenTable stock soared 13 percent to around $79.

“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,” Priceline Group CEO and President Darren Huston said in a statement.

Read the rest of this post on the original site »

This article originally appeared on