The recent acquisition is by far Priceline's largest deal in its history. Note that the deal was not driven by a slowdown in Priceline's main business, according to Priceline CEO Darren R. Huston. After all, Priceline has reported seven straight years of rising profit. Plus, in the last-reported quarter, Priceline's overall bookings showed a 34.2% year-over-year increase. The move will allow Priceline to own a database of more than 31,000 establishments, most of them in the U.S. Roughly speaking, these establishments seat more than 15 million diners per month. The move could be seen as a reaction to the acquisition of Paris-based online reservation service La Fourchette, by competitor TripAdvisor, which occurred last month. La Fourchette has more than 12,000 restaurants under its network, with a strong presence in France, Spain, and Switzerland. The company, like OpenTable, also provides software solutions that provide restaurants with dynamic real-time booking, discount systems, and data tools. Get the full story at Motley Fool Read also "Priceline buying OpenTable for $2.6 billion in cash"