Justice Department seeks information on Google’s planned purchase of travel technology company
By APFriday, August 27, 2010
Google travel deal faces Justice Dept scrutiny
WASHINGTON — Federal regulators are taking a closer look at Google Inc.’s plans to buy travel technology company ITA Software Inc. in a $700 million all-cash deal announced last month.
In a blog post on Friday, Google said the Justice Department has asked it for more information about the proposed acquisition, which could position the search giant to compete with popular travel sites such as Expedia, Travelocity and Orbitz.
ITA Software, a 500-employee company started in 1996 by computer scientists at the Massachusetts Institute of Technology, provides technology that helps run the reservation systems of several airlines. Google says the acquisition will provide it with tools to help consumers search for flights, compare fares and book tickets.
Tags: North America, Ownership Changes, Travel, Travel Deals, United States, Washington
