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In an unfortunate cycle, NYC's restaurants serve to revitalize neighborhoods but then are forced to close when rents start to rise. The NYT reports.
"Fast Money" trader Karen Finerman, makes a big bet that someone other than Priceline will make a bid on OpenTable.
Here's why Priceline's purchase of OpenTable is different than other deals we've seen lately, says Michael Yoshikami.
Jim Cramer says Priceline's bid for OpenTable is chock full of subtle messages.
Stocks rose on Friday, with equities on track for weekly losses.
CNBC's Mandy Drury breaks down how OpenTable's business model works and why Priceline made the hefty purchase. The Coppermans and Millers weigh in on the valuation.
*Intel up on outlook, OpenTable soars on Priceline deal. Intel Corp was one of the S&P 500' s biggest gainers and one of Nasdaq's most active name, but overall gains were capped as investors remained cautious about violence in Iraq, which has taken oil prices to their highest since September.
Priceline will buy OpenTable for $2.6 billion. CNBC contributor Herb Greenberg weighs in on the deal.
*Priceline's offer of $103/ shr a 46 pct premium. June 13- Travel website owner Priceline Group Inc will buy restaurant reservation website operator OpenTable Inc for $2.6 billion, aiming to broaden its services outside the increasingly competitive online travel industry.
Some of Friday midday movers:
*Intel up on outlook, OpenTable soars on Priceline deal. *Oil remains in focus as Iraq violence continues.
Kara Swisher, Re/code co-executive editor, discusses if Priceline's purchase of OpenTable makes sense. Swisher says Priceline wants to expand and OpenTable will help them grow globally. CNBC's Jon Fortt provides insight.
Priceline announces it is buying online reservation site OpenTable for $103 per share, or about $2.6 billion.
*Intel up on outlook, OpenTable soars on Priceline deal. Intel Corp was both the S&P 500' s biggest gainer and the Nasdaq's most active name, jumping 6.2 percent to $29.70 a day after the Dow component raised its full-year revenue outlook, citing stronger-than-expected demand for personal computers used by businesses.
Mark May, Citigroup, explains why he likes Priceline's announced acquisition of OpenTable for $2.6 billion. May says "from a valuation standpoint, it is very reasonable."
Here's one for the Freaky Friday files: Priceline announced it's buying OpenTable as four new IPOs come to market.
Priceline will buy OpenTable for $2.6 billion. CNBC's Jim Cramer says "OpenTable be king."
Headlines before the bell Friday.
June 13- Travel website operator Priceline Group Inc said it would buy OpenTable Inc for $2.6 billion in cash as it looks to add restaurant bookings to its services. The offer of $103 per share represents a premium of 46 percent to OpenTable's Thursday close.
*Intel up on outlook, OpenTable soars on Priceline deal. NEW YORK, June 13- U.S. stock index futures pointed to a slightly lower on Friday as some positive corporate news supported markets, though ongoing violence in Iraq gave investors pause.