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.
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This article originally appeared on Recode.net.
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