Priceline Acquires OpenTable For $2.6B

A bit of an old news, but since we didn’t cover it here: Priceline Group will be acquiring OpenTable for $2.6B in cash. The deal makes sense for Priceline despite the high price as it already handles flight and hotel reservations. OpenTable gives Priceline access to 31,000 restaurants and gives a good start in the restaurant business. I am excited to see whether Priceline can do what it did for Booking.com.

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