Priceline to Purchase OpenTable
An online restaurant reservations provider is being purchased by a company that helps people with their travel plans, including the booking of hotels, flights, and rental cars.
The New York Times is reporting that Priceline is buying OpenTable for $2.6 billion, with the travel booking company paying $103 a share for shares of the restaurant reservations site. The article says that once the deal is officially closed (likely around the end of September), OpenTable will continue to operate out of their San Francisco headquarters.
OpenTable currently books seats for more than 15 million customers per month at a total of 31,000 dining spots, according to the newspaper.
[New article from our sister site (Boston's Hidden Restaurants): Slideshow--Twelve of the Best Food Dishes of 2014 (So Far)]