Priceline has more room to go up or down than any of its online booking peers.
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.
The Daily Newsletter
Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.
Have a confidential tip for Skift? Get in touch
Photo credit: OpenTable's stock performance over the last month. yCharts