video Tech Videos
Priceline to buy OpenTable for $2.6 bln
Friday, June 13, 2014 - 01:15
June 13 -Travel website owner Priceline Group, wants to buy restaurant reservation website operator OpenTable FOR $2.6 billion in order to boost revenues. Conway G. Gittens reports.
▲ Hide Transcript
▶ View Transcript
Priceline is picking up the tab, a round $2.6 billion for OpenTable, its ticket to the world of restaurant bookings. At $103 per share, that's a 46 percent premium. The deal is expected to close in the third quarter. With limited options in the travel industry, the travel website owner Priceline Group is looking elsewhere to boost revenues. Coincidentally, restaurant reservation website operator OpenTable is on the hunt for dollars to battle competitors and a slowdown in the number of restaurants signing up for its services. Currently: 31,000 restaurants use the online reservation service, putting 15 million customers at a dinner table near you, per month. But there is a "but..." OpenTable's shares inched past the offer price on the Nasdaq on Friday, suggesting some investors expect a higher bid. Priceline's shares were down. If it comes to fruition, the deal will be yet another inter-industry merger. Travel review website TripAdvisor bought online restaurant booking platform LaFourchette in May to venture into the restaurant-booking world. And could pave the way for more deals as bigger players like Expedia and Orbitz look for smaller players like Yelp and GrubHub for complimentary growth.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Priceline to buy OpenTable for $2.6 bln
Friday, June 13, 2014 - 01:15
Top News »
Sat, Aug 19, 2017 - (1:35)
Sat, Aug 19, 2017 - (2:08)
Sat, Aug 19, 2017 - (1:48)
Sat, Aug 19, 2017 - (1:17)
Sat, Aug 19, 2017 - (1:53)
Sat, Aug 19, 2017 - (1:53)
Sat, Aug 19, 2017 - (0:47)
Sat, Aug 19, 2017 - (2:06)
Sat, Aug 19, 2017 - (2:00)
Sat, Aug 19, 2017 - (2:06)
Sat, Aug 19, 2017 - (1:25)
Sat, Aug 19, 2017 - (1:12)
Migrant Crisis »
Mon, Aug 14, 2017 - (2:03)
Wed, Aug 02, 2017 - (2:11)
Fri, Jul 21, 2017 - (1:56)
Fri, Jul 21, 2017 - (2:01)
Wed, Jun 28, 2017 - (1:03)
Tue, Jun 06, 2017 - (2:25)
Tue, May 30, 2017 - (0:46)
Thu, May 25, 2017 - (1:13)
Thu, May 18, 2017 - (1:35)
Mon, May 08, 2017 - (1:12)
Sat, May 06, 2017 - (1:13)
Fri, May 05, 2017 - (1:01)
Most Popular »
Sat, Aug 19, 2017 - (2:08)
Sat, Aug 19, 2017 - (2:00)
Sat, Aug 19, 2017 - (1:12)
Sat, Aug 19, 2017 - (1:25)
Fri, Aug 18, 2017 - (2:18)
Fri, Aug 18, 2017 - (1:56)
Fri, Aug 18, 2017 - (1:11)
Thu, Aug 17, 2017 - (1:25)
Sat, Aug 19, 2017 - (2:12)
Sat, Aug 19, 2017 - (0:45)
Sat, Aug 19, 2017 - (2:06)
12:08am EDT - (2:02)
Editors' Picks »
Fri, Aug 18, 2017 - (1:22)
Thu, Aug 17, 2017 - (1:25)
Fri, Aug 18, 2017 - (1:35)
Fri, Aug 18, 2017 - (1:27)
Fri, Aug 18, 2017 - (1:56)
Fri, Aug 18, 2017 - (2:04)
Thu, Aug 17, 2017 - (1:47)
Thu, Aug 17, 2017 - (2:08)
Thu, Aug 17, 2017 - (1:50)
Thu, Aug 17, 2017 - (1:36)
Thu, Aug 17, 2017 - (0:27)
Wed, Aug 16, 2017 - (1:59)
Innovations »
Fri, Aug 18, 2017 - (2:04)
Fri, Aug 18, 2017 - (1:31)
Thu, Aug 17, 2017 - (1:36)
Wed, Aug 16, 2017 - (2:00)
Tue, Aug 15, 2017 - (0:58)
Mon, Aug 14, 2017 - (2:04)
Mon, Aug 14, 2017 - (1:45)
Fri, Aug 11, 2017 - (2:26)
Fri, Aug 11, 2017 - (1:37)
Wed, Aug 09, 2017 - (1:50)
Tue, Aug 08, 2017 - (2:51)
Tue, Aug 08, 2017 - (2:05)
Entertainment »
Fri, Aug 18, 2017 - (0:55)
Fri, Aug 18, 2017 - (1:07)
Fri, Aug 18, 2017 - (1:31)
Thu, Aug 17, 2017 - (1:25)
Fri, Aug 18, 2017 - (1:59)
Fri, Aug 18, 2017 - (0:59)
Thu, Aug 17, 2017 - (1:32)
Thu, Aug 17, 2017 - (1:32)
Thu, Aug 17, 2017 - (1:09)
Thu, Aug 17, 2017 - (1:52)
Thu, Aug 17, 2017 - (1:41)
Thu, Aug 17, 2017 - (1:41)
Rough Cuts »
Sat, Aug 19, 2017 - (1:17)
Sat, Aug 19, 2017 - (1:53)
Sat, Aug 19, 2017 - (0:47)
Sat, Aug 19, 2017 - (0:27)
Sat, Aug 19, 2017 - (0:45)
Fri, Aug 18, 2017 - (0:54)
Fri, Aug 18, 2017 - (0:56)
Fri, Aug 18, 2017 - (1:36)
Fri, Aug 18, 2017 - (1:00)
Fri, Aug 18, 2017 - (1:13)
Fri, Aug 18, 2017 - (0:35)
Fri, Aug 18, 2017 - (1:38)
Moving Pictures »
Mon, Jul 31, 2017 - (1:41)
Mon, Jul 17, 2017 - (1:57)
Fri, Jun 30, 2017 - (2:09)
Thu, Jun 01, 2017 - (2:02)
Mon, May 01, 2017 - (1:01)
Fri, Mar 31, 2017 - (1:01)
Mon, Mar 06, 2017 - (0:43)
Fri, Mar 03, 2017 - (1:07)
Wed, Mar 01, 2017 - (1:01)
Fri, Mar 03, 2017 - (2:27)
Fri, Feb 03, 2017 - (1:01)
Tue, Jan 03, 2017 - (1:01)
Reuters Investigates »
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Tue, Jun 02, 2015 - (2:09)
Thu, Apr 02, 2015 - (2:33)
Dateline Asia »
12:08am EDT - (2:02)
Fri, Aug 18, 2017 - (2:04)
Thu, Aug 17, 2017 - (1:50)
Thu, Aug 17, 2017 - (2:08)
Wed, Aug 16, 2017 - (2:11)
Wed, Aug 16, 2017 - (2:12)
Wed, Aug 16, 2017 - (2:00)
Tue, Aug 15, 2017 - (2:13)
Tue, Aug 15, 2017 - (1:57)
Tue, Aug 15, 2017 - (1:46)
Mon, Aug 14, 2017 - (2:06)
Mon, Aug 14, 2017 - (2:05)