Why Priceline Paid $2.6B for OpenTable

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June 13 (Bloomberg) -- Priceline is buying OpenTable in a deal valued at $2.6 billion to add restaurant bookings to its travel business as the industry steps up investments in local listings and mobile services. Bloomberg Contributing Editor Paul Kedrosky, Cory Johnson and Jeffrey McCracken comment on Bloomberg Television's “Street Smart.” (Source: Bloomberg)

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