OpenTable Acquires For $55 Million In Cash

OpenTable Inc (NASDAQ:OPEN) has acquired UK-based company for $55 million in cash. Toptable has 3,000 restaurants in the UK and 2,000 across the rest of Europe. OpenTable has 900 restaurants in the U.K. and 600 in Germany. This acquisition substantially increases the company’s presence in Europe. [GigaOM]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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