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Priceline purchased an online booking service provider with 2.6 billion dollars in cash OpenTable

Source: Internet
Author: User
Keywords Provider restaurant hotel reservation
Tags app booking booking service closing listed listed in market mobile
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Priceline is said to be buying OpenTable at $103 a share, a price relative to OpenTable's Thursday closing premium of 46%. The deal is expected to be completed in the third quarter of this year.

The OpenTable, which was listed in 2009, is a dedicated restaurant reservation service, with more than 31,000 restaurants currently contracted, and about 15 million subscribers to the restaurant via its website and mobile app every month.

Priceline can penetrate the catering service market, and also can strengthen its booking service combination. Priceline President and CEO Darren Huston said in a statement:

OpenTable and Priceline are perfect for each other, they not only provide us with a natural extension to the catering service, but also provide an excellent, high-value booking experience for our global customers.

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