Google received a request from the US Department of Justice for more information about its acquisition of US-based developer of flight information software ITA Software so the DOJ can continue to review the deal. Google said it will be working cooperatively with the DOJ as the acquisition review continues. Google expects the DOJ to conclude that online travel will remain competitive after this acquisition closes. Google agreed to acquire ITA Software for USD 700 million in cash, subject to adjustments. Both companies have approved the transaction, which is subject to customary closing conditions. The deal will allow Google to pursue the creation of new flight search tools that will enable users to find flight information more easily on the internet.
Source:http://www.telecompaper.com/news/article.aspx?cid=753688
