Priceline to Buy OpenTable in Deal Valued at $2.6 Billion
> Priceline is buying a company that seats over 15 million diners per month across more than 31,000 restaurants via online bookings.<p>Nice example of how to scale a business: if you average 450 bookings over a relatively small number of restaurants (31,000) montly, so that's 15 bookings per restaurant per day your business is worth billions of dollars.<p>Lead generation is serious income, and serious exits too.<p>A 46% premium over their current stock price is a hefty bonus for everybody that holds stock, top class negotiating skills exhibited by the sellers.