Digital Booking Sites

OpenTable’s Stock Spikes Following Priceline Purchase News

@jasonclampet

Jun 13, 2014 5:30 pm

Skift Take

Priceline has more room to go up or down than any of its online booking peers.

— Jason Clampet

Register Now for Skift Global Forum

yCharts

OpenTable's stock performance over the last month. yCharts


The Priceline Group announced this morning that it would acquire hotel reservation and customer service relationship platform OpenTable for $2.6 billion.

Priceline will pay OpenTable $103 per share in an all-cash deal, a 46% premium over its closing share price June 12.

The stock closed today at $104.43, 48% over its closing share price the previous day.

Here is a look at both Priceline and OpenTable’s stock over the last five days. Despite the decline, Priceline is still the largest travel company by market cap.

OpenTable Stock

OPEN Price Chart

OPEN Price data by YCharts

Priceline Stock

PCLN Price Chart

PCLN Price data by YCharts

Tags: ,

Follow @jasonclampet

Next Up

More on Skift

Russia’s Ostrovok Adds Airbnb, Makes Misleading ‘Biggest’ Claim
Last-Minute Hotel Bookers Prove More Moderate Than Spontaneous
International Air Traffic Snapshot for April 2014
3 Ways to Guarantee Your Next Business Trip Won’t Be All Work and No Play