Tag Archives: pcln

Priceline’s OpenTable Purchase Lauded On Wall Street

Analysts rubber-stamped Priceline’s (PCLN) proposed $2.6 billion acquisition of OpenTable (OPEN), saying it’ll allow Priceline to aggressively move into online restaurant booking. Priceline announced Friday morning that it will pay $103 per share for OpenTable, a 46% premium to Thursday’s close. OpenTable stock gapped up about 47% on the stock market today, while Priceline stock slipped about 2%. “We see this deal as likely part of Priceline’s

Priceline Stock Up After Buuteeq Acquisition

Priceline Group (PCLN) stock was up 1% in morning trading in the stock market today, a day after the online travel agency announced that it had acquired Buuteeq, a privately held digital marketing platform for hotels worldwide. The purchase price and other terms weren’t disclosed. Priceline says Seattle-based Buuteeq’s cloud-based digital marketing software helps hoteliers manage their brand and drive bookings with responsively designed websites,

Priceline Booking.com Hotel Data Corrected By FBR

Priceline Group (PCLN) stock was down a fraction in morning trading in the stock market today, a day after FBR Capital Markets corrected a report saying that the number of hotels listed on the company’s core Booking.com website was slipping while rental listings were soaring. Early Tuesday, FBR had said in a research note that hotel properties listed through May 28 this year were down from Q4 listings. Now, it says that was not the case. “It turns