Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

OpenTable Gains on Report of Yahoo Acquisition Interest

OpenTable Inc., the largest U.S. online restaurant-reservation service, rose the most in more than two months on a news report that suggested it may be a takeover target for Yahoo! Inc.

The shares advanced 6.4 percent to $46.36 at the close in New York, the biggest increase since Aug. 3. The stock has climbed 18 percent this year.

Yahoo management, led by Chief Executive Officer Marissa Mayer, “appeared to show interest” in OpenTable as an acquisition candidate, Reuters reported yesterday, citing a person it didn’t identify. Mayer has said she wants to bolster Yahoo’s technology and engineering expertise since she took the helm in July. OpenTable, which focuses on consumer services, may do little to further that goal, said Tom Forte, an analyst at New York-based Telsey Advisory Group.

“OpenTable from a technology standpoint is about transitioning from making reservations by phone to making reservations by the Internet,” Forte said in an interview. “Yahoo seems to more interested in something that’s more engineering focused –- tech heavy.”

Sara Gorman, a spokeswoman for Sunnyvale, California-based Yahoo, and Tiffany Fox, a spokeswoman for San Francisco-based OpenTable, declined to comment.

OpenTable, which gets fees from restaurants for each diner booked through its service, has experienced slowing sales growth as the weak economy has led consumers to curb spending. The company’s enterprise value is currently $976 million, about half what it was worth at the end of the second quarter of 2011.

Yahoo finished the third quarter with cash and short term investments of $9.4 billion.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.