Priceline buys Opentable from Apple

By | June 17, 2014
opentable


The famous Apple App Opentable is now a part of Priceline. The OpenTable of Apple is the only app which can help you make reservations at over 20,000 restaurants in the US, Canada, and Mexico like countries. With the use of this app you can Explore great restaurants, find available tables, and earn reward points for every reservation.

The Opentable App has asked for you to choose a date, time, and party size to see available tables in real time – near you or wherever you are headed. And you have tapped the table, that you want and it’s yours.



Features:

  • Find a restaurant by cuisine or location
  • Narrow your search by price, rating, or distance
  • Browse helpful reviews and photos of top dishes
  • Invite friends to dine with you
  • Add reservations to your calendar

opentable



Now, according to a report the Priceline has struck a deal with Apple that will see it pay $2.6 billion for OpenTable, who is a provider of online reservation technology for restaurants. The Priceline has to pay $103 per share — a $29 premium over the stock’s June 12 closing price — for OpenTable in the all-cash acquisition.



The Priceline already famous for its expressive deals for the Hotel booking and other travel service. The Priceline app is already available in all major mobile OS platforms including Apple iOS.

The Executives from both companies has touted Priceline’s has an ability to help OpenTable as the latter attempts to expand into foreign markets. The Priceline CEO Darren Huston said that- “We look forward to helping the OpenTable team accelerate their global expansion, increase the value offered to their restaurant partners, and enhance the end-to-end experience for our collective customers across desktop and mobile devices”

The tech giant Apple  has integrated it OpenTable app into Siri from the beginning with iOS 6 operating system, allowing for the personal digital assistant, which helps to iPhone owners for making a restaurant reservation. But it is still unclear that, how the Priceline agreement, which is expected to close in the third quarter of this year, may affect OpenTable’s relationships with Apple.