The $2.6 billion acquisition of OpenTable by Priceline bounced a number of companies’ share prices today, including a 3.91 percent rise for Groupon, and a 2.39 percent bump for Zillow. Yelp, however, shot north 13.79 percent. Investors seem to be betting that, in the wake of the OpenTable deal — executed at a more than 40 percent premium — other companies that are local… Read More|
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Yelp, Zillow And Groupon Rise In Wake Of OpenTable Acquisition Announcement
The $2.6 billion acquisition of OpenTable by Priceline bounced a number of companies’ share prices today, including a 3.91 percent rise for Groupon, and a 2.39 percent bump for Zillow. Yelp, however, shot north 13.79 percent. Investors seem to be betting that, in the wake of the OpenTable deal — executed at a more than 40 percent premium — other companies that are local… Read More