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OpenTable’s High Premium Boosts Yelp to GrubHub: Real M&A

What do OpenTable Inc., Uber Technologies Inc. and WhatsApp Inc. have in common besides sky-high valuations? Look it up on your phone.

The 53 percent premium Priceline Group Inc. is wooing OpenTable shareholders with tops any other large takeover of an Internet stock in North America since 2007, according to data compiled by Bloomberg. For $2.6 billion, Priceline is getting a business that more than 15 million diners per month use to book tables from the palms of their hands. It’s the latest mobile-application company to command a high valuation for relatively low sales.