For a whole era of customers, reserving a restaurant through smartphone is as foreign hobby as the use of a rotary cellphone or creating a document on a typewriter.
And it turned into Opentable that created this shift in how getting a table at a restaurant could be carried out without the trouble of “dialing for dining.”
Opentable became a nationwide carrier, online reservations were a common practice and the firm went public with a listing at the Nasdaq.
5 years later, Opentable exited the general public markets, obtained at an at-the-time record-breaking all-cash $2. 6 billion deal with the Priceline Group.
And it turned into Opentable that created this shift in how getting a table at a restaurant could be carried out without the trouble of “dialing for dining.”
Opentable became a nationwide carrier, online reservations were a common practice and the firm went public with a listing at the Nasdaq.
5 years later, Opentable exited the general public markets, obtained at an at-the-time record-breaking all-cash $2. 6 billion deal with the Priceline Group.
At the time, Priceline CEO Darren Huston noted the deal was a natural move, given the inherent synchronicity between the two marketplaces.
“The
kind of work that we do day-to-day is very similar. It’s just a
different marketplace,” Huston told on the Business Financial Post.
Priceline Group Inc. stepped up its acquisition spree by buying OpenTable Inc. in a deal worth at $2.6 billion, including restaurant bookings to an online travel business already spanning flights, hotels and cars.
