With OpenTable Deal, Priceline Extends Its Hold on Spendy TravelersBy
Travelers generally like to dine as part of their trips—an inescapable fact that Priceline Group sees as a sizable opportunity and justification for adding OpenTable to its travel-booking ecosystem. Priceline is buying the online restaurant-booking company for $2.6 billion cash, a nearly 50 percent premium to its closing price on Thursday.
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