A few times, like
, we've said it would be a good idea for Groupon (
) to buy OpenTable (
), the reservations system that herds people into restaurants.
Groupon could apply its software restaurant reservations to a
host of other local businesses.
Suffice to say, chief Andrew Mason hasn't been taking our
advice. And Groupon's falling market is making any such deal less
likely - or even possible.
GRPN Market Cap
Instead Groupon is
a smaller restaurant reservation system called Savored for
undisclosed terms. Savored also offers daily deals for
restaurants in a bid to be a Groupon alternative, and it clearly
doesn't have the same reservations system as OpenTable because
the two partnered up last year and offered coupons through the
But Groupon doesn't need another discount site, it already has
one of those. What's more it's leaving OpenTable out there, able
to be gobbled up by a rival like Amazon's (
Investors' reaction to this deal:
If you want to bring this up with Andrew Mason, look for him
at the sushi joint where he's working to get ideas.
From the editors of YCharts.
YCharts Pro Investor Service