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OpenTable (OPEN) Jumps As Potential Rival Google (GOOG) Gives the Service a Nod

May 30, 2012 3:40 PM EDT
After trading down 7 percent earlier in the session, OpenTable, Inc. (Nasdaq: OPEN) surged into positive territory Wednesday afternoon after it was discovered that potential rival Google (Nasdaq: GOOG) (which owns Zagat) is partnering with OpenTable on Google+.

Google is integrating OpenTable's reservations service into Google+ Local, according to a post at Google Support.

"If a business offers online reservations, you'l see a Make a reservation button in the right-hand section of its Google+ Local page. Note that you may have to scroll down the page to find it. When you click Make a reservation, just follow the instructions that appear to finish booking with OpenTable."

Shares of OPEN last traded at $39.35, up 0.5%.


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