Sunday, April 10, 2011

Google's ITA Software Purchase Gets Green Light?With Some Conditions

The Justice Department has given Google’s controversial $700 million purchase of ITA Software the okay. Google (NSDQ: GOOG) announced its purchase of ITA, which provides back-end search and booking technology to travel search engines last summer, as part of a possible move into the travel search vertical, but competitors had questioned whether the deal was anti-competitive, saying that a rival would control the technology they rely on and that Google could use its dominance of the search market to push its own travel product. Regulators had said they would give the deal a closer look and there had been recent reports the government might sue to block it.

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