Tag - Priceline
Travel discount purveyor Priceline has entered into a $2.6 billion dollar sale agreement with OpenTable. The $103 per share offer for the restaurant reservation service integrated into Apple's Siri technology represents a 46 percent price premium to OpenTable's stock price at the close of business on Thursday.
Travel website Priceline has purchased Kayak.com for $40 per share, it was announced today. The deal amounts to about $1.8 billion, with the Priceline Group paying about $500 million of that in cash and the rest coming in equity and assumed stock options. The deal is expected to close during the first quarter of 2013.