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Priceline buys OpenTable for $2.6bn

Priceline, the world’s leading accommodation booking platform, is to buy restaurant booking service OpenTable for $103 per share in an all-cash transaction valued at US$2.6billion. OpenTable, which has been testing mobile payments in San Francisco, has seated more than 125million diners worldwide while one million guests stay in accommodation booked by Priceline every night.

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