Priceline buying OpenTable for $103 per share

|By:, SA News Editor

The all-cash deal valuing OPEN at $2.6B is expected to close in Q3. The price is a 46% premium to last night's close.

“The kind of work that we do day-to-day is very similar,” says Priceline (PCLN) CEO Darren Huston. “It’s just a different marketplace.”

A conference call to discuss is set for 8:30 ET.