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Feds Approve Google’s Purchase of ITA Software

April 8th, 2011 04:35 admin Leave a comment Go to comments

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itwbennett writes “The US Justice Department has approved Google’s $700 million acquisition of online flight-data specialist ITA Software, but with stringent conditions. From a DOJ press release announcing its approval of the purchase: ‘[I]n order for Google Inc. to proceed with its proposed acquisition of ITA Software Inc., the department will require Google to develop and license travel software, to establish internal firewall procedures and to continue software research and development. The department said that the proposed settlement will protect competition for airfare comparison and booking websites and ensure those websites using ITA’s software will be able to power their websites to compete against any airfare website Google may introduce.’”

Source: Feds Approve Google’s Purchase of ITA Software

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