Priceline Group Inc. will scale back expansion plans for its OpenTable dining service, prompting a $941 million write-down that overshadowed strong bookings in the online travel company’s core business. Priceline Group paid about $2.6 billion for OpenTable in 2014. The purchase marked a departure for the company, which in the past concentrated its investment on travel brands. Executives at the time said putting dining options in...

Source: Wall Street Journal November 07, 2016 21:06 UTC