There has been plenty of speculation about which companies Marissa Mayer might acquire with the cash Yahoo received from closing the Alibaba deal. Now, it looks like OpenTable, the online restaurant reservation service, might be on her short list.
Reuters reports that bankers have pitched Mayer on the idea of buying up several companies, and Mayer’s team apparently “appeared to show interest” in acquiring OpenTable, among other companies.
Yahoo raised $4.3 billion in after-tax proceeds from selling back part of its stake in the Chinese e-commerce site Alibaba. The company also has another $2 billion in cash and securities. By comparison, OpenTable’s market cap is currently just shy of $1 billion.
As Reuters points out, this and other acquisitions could be part of Mayer’s plan to double down on Yahoo’s technology side and engineering talent. Mayer is also reportedly interested in acquiring PubMatic, an advertising tool for digital publishers, and Millennial Media, a mobile advertising company.
OpenTable’s stock was up more than 6% in early trading Monday following the acquisition rumor over the weekend.
Image courtesy of Flickr, jolieodell
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