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. Yelp has OpenTable integrated into its platform, powering restaurant reservations and making it more than an adjacent service. Yelp’s comparably higher market capitalization of $5.36 billion, makes it a harder piece to swallow, but still potentially in play.
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