The war for your handheld device

With the news that Priceline is buying OpenTable for a whopping $2.6 billion in cash, Jim Cramer explains in the video below how this fits into the war for your handheld device. Apps like OpenTable with its huge user base are incredibly powerful, and for Priceline it fits in beautifully following last year’s acquisition of Kayak. Now the next obvious step when you’re booking travel is making restaurant reservations.

This consolidation is very interesting and we’ll see how companies like Google respond. Google owns Zagat.