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SandP 500 And Dow Jones Record First Weekly Declines In A Month

10 Updates

The US equity markets were on the back foot this week as the World Bank lowered its expectations of global economic growth by 40 basis points (bps) to 2.8% for the year, due to weaker outlooks from the US, China, Russia, India, and Brazil. News of violence in Northern Iraq also dented the rally and prevented the two market indices from recording a weekly gain for the fourth-consecutive week. On Tuesday, the Dow Jones Industrial Average (DJIA) posted its 10th n ...

Jun 14 2014, 8:54am CDT

Full article at: bidness etc YouTube Videos

Topics: Intel, GrubHub Inc., New York Mercantile Exchange, PulteGroup Inc., Acquisition


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Update: 10

Restaurateurs curious about implications of Priceline's OpenTable acquisition

Source: Tampa Bay Business Journal

Word that the Priceline Group Inc. is about to acquire restaurants reservation site OpenTable has some restaurateurs concerned about costs, others enthused about new potential new audiences, and many curious to know exactly how it will affect their business. B.T. Nguyen, owner of Restaurant BT in Tampa, finds OpenTable a worthwhile investment in its current pricing structure. By her estimation, she pays about $1 per customer. Reading that OpenTable will maintain its current ...
Full article at: Tampa Bay Business Journal Jun 17 2014, 5:33am CDT
 


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Update: 9

Priceline’s Bid For OpenTable Could Spark MandA Boom In Online Services Space

Source: bidness etc

OpenTable, Inc. (OPEN), an online service that allows users to book tables at partner restaurants, may be priming for a bidding war over its business. On Friday, it was announced that Priceline Group Inc. (PCLN) has reached an agreement to acquire the company for $2.6 billion. Under the terms of the all-cash deal, which has already been approved by the boards of both companies, Priceline will shell o ...
Full article at: bidness etc Jun 16 2014, 8:50am CDT
 

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Update: 8

Priceline to buy OpenTable in $2.6 billion deal

Source: Triangle Business Journal

Priceline Group Inc. agreed to buy OpenTable Inc. in a cash deal valued at $2.6 billion, picking up a new menu item for its offerings. Priceline (NASDAQ: PCLN) offered $103 per share for OpenTable (NASDAQ: OPEN), a 46 percent premium over the company's closing price Thursday. The deal is expected to close in the third quarter of this year, the companies said Friday. San Francisco-based OpenTable, founded in 1998, operates a restaurant-reservation ser ...
Full article at: Triangle Business Journal Jun 13 2014, 9:14am CDT
 

Update: 6

San Francisco Reservation Website OpenTable To Be Sold For $2.6 Billion To Priceline

Source: CBS San Francisco

SAN FRANCISCO (CBS/AP) – Priceline is buying online restaurant reservation company OpenTable for $2.6 billion. The deal should help Priceline, the online travel company, branch out into a new business segment. “Travelers are diners,” said Priceline CEO and President Darren Huston, in a conference call. “It’s the same customers. There’s opportunity to cross promote brands.” Priceline will pay $103 per share, which is a 46 percent premium to OpenTable Inc.’s Thursday c ...
Full article at: CBS San Francisco Jun 13 2014, 9:08am CDT
 

Update: 5

Priceline To Buy OpenTable For $2.6 Bln

Source: RTTNews

Online travel company Priceline Group Inc. has agreed to acquire online restaurant reservations provider OpenTable Inc. for $2.6 billion in cash, the two companies said Friday. The acquisition will enable Priceline to expand its presence in providing restaurant marketing services. Shares o ...
Full article at: RTTNews Jun 13 2014, 8:10am CDT
 

Update: 4

Priceline to buy OpenTable in $2.6 billion deal

Source: Business Journal of Phoenix

Priceline Group Inc. agreed to buy OpenTable Inc. in a cash deal valued at $2.6 billion, picking up a new menu item for its offerings. Priceline (NASDAQ: PCLN) offered $103 per share for OpenTable (NASDAQ: OPEN), a 46 percent premium over the company's closing price Thursday. The deal is expected to close in the third quarter of this year, the companies said Friday. San Francisco-based OpenTable, founded in 1998, operates a restaurant-reservation ser ...
Full article at: Business Journal of Phoenix Jun 13 2014, 8:07am CDT
 

Update: 3

Priceline to buy OpenTable restaurant reservation website

Source: TBD.com

NEW YORK (AP) - Priceline is buying online restaurant reservation company OpenTable for $2.6 billion. The deal should help Priceline, the online travel company, branch out into a new business segment. Priceline will pay $103 per share, which is a 46 percent premium to OpenTable Inc.'s Thursday closing price of $70.43. OpenTable's stock soared $32.83, or 46.6 percent, to $103.26 in premarket trading before the market open on Friday. Priceline President and CEO Darren Huston said ...
Full article at: TBD.com Jun 13 2014, 8:04am CDT
 

Update: 2

Priceline to buy OpenTable in $2.6 billion deal

Source: San Francisco Business Times

Priceline Group Inc. agreed to buy OpenTable Inc. in a cash deal valued at $2.6 billion, picking up a new menu item for its offerings. Priceline (NASDAQ: PCLN) offered $103 per share for OpenTable (NASDAQ: OPEN), a 46 percent premium over the company's closing price Thursday. The deal is expected to close in the third quarter of this year, the companies said Friday. San Francisco-based OpenTable, founded in 1998, operates a restaurant-reserva ...
Full article at: San Francisco Business Times Jun 13 2014, 7:56am CDT
 

Update: 1

Priceline buying online restaurant reservation company OpenTable for $2.6 billion

Source: Canadian Business Online

NEW YORK, N.Y. – Priceline is buying online restaurant reservation company OpenTable for $2.6 billion. The deal should help Priceline, the online travel company, branch out into a new business segment. Priceline will pay $103 per share, which is a 46 per cent premium to OpenTable Inc.’s Thursday closing price of $70.43. OpenTable’s stock soared $32.83, or 46.6 per cent, to $103.26 in premarket trading before the market open on Friday. Priceline President and CE ...
Full article at: Canadian Business Online Jun 13 2014, 7:45am CDT
 



 

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