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.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.Lead generation is serious income, and serious exits too.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.