OpenTable acquires rival platform, shares jump ahead of Q2 report

OpenTable (OPEN +7.2%) is buying Rezbook, the restaurant reservation platform developed by InterActiveCorp's (IACI -1.7%) UrbanSpoon restaurant app unit.

Rezbook was once feared as a serious rival to OpenTable, but the platform has made limited headway in the face of OpenTable's superior network effects. It currently has ~2K restaurant customers to OpenTable's 28K+.

As part of the deal, OpenTable is becoming the North American reservation platform for Urbanspoon's popular apps.

The deal comes as Yelp and Groupon both make efforts to encroach on OpenTable's turf.

OpenTable's Q2 results arrive this afternoon.

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Comments (2)
  • David Jackson
    , contributor
    Comments (1279) | Send Message
    Any risk of anti-trust issues?
    1 Aug 2013, 11:33 AM Reply Like
  • Eric Jhonsa
    , contributor
    Comments (1276) | Send Message
    Good question. I could see regulators taking a look. But it's a relatively small deal, and OPEN will point to competition from YELP, GRPN, and several startups.
    1 Aug 2013, 03:49 PM Reply Like
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