Priceline agrees to purchase OpenTable for $2.6 billion

Shawn Knight

TechSpot Staff
Staff member
Online travel booking site Priceline is getting in the restaurant business. The company on Friday announced they will buy OpenTable for $2.6 billion in cash, agreeing to pay $103 per share - a 46 percent premium over yesterday's closing price...

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So 80% of the revenue came from within the US whilst another 80% came from outside the US hmm so overall they earned 160% revenue, how is that possible?

How did Priceline get $2.6billion cash.... thats a lot... did they save up 15yrs worth of cash or what???? Their is no way Priceline's profit was $500mill last year..