We Won't Join Steve Cohen at OpenTable
OpenTable (OPEN) popped earlier this week when Yahoo! (YHOO) was reported to be interested in acquiring the now $1 billion restaurant-reservation and diner-management company. Analysts were skeptical, but the market, which is convinced that new Yahoo! CEO Marissa Mayer must make a company-defining acquisition in the near future -- and why not a hot consumer and business services company? -- has persisted in keeping the stock higher.
Our thought at the time was that OpenTable wouldn't make sense as a purchase for Yahoo!, since the Internet portal would be better served by improving its core operations rather than branching out into services....796 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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