OpenTable Buys UK’s TopTable

9/16/10

San Francisco-based OpenTable (NASDAQ: OPEN) said Wednesday that it has agreed to acquire London-based toptable.com, the leading online restaurant reservation startup in the United Kingdom, for $55 million in cash. “This acquisition of toptable.com is designed to accelerate the growth of our business in the United Kingdom in a meaningful way,” OpenTable president and CEO Jeff Jordan said in a statement. “By combining toptable.com’s robust consumer destination site for diners with our best-in-class software for restaurants, we will be able to provide a superior service to restaurants and diners in the United Kingdom.”

Wade Roush is a contributing editor at Xconomy. Follow @

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