MAIN MENU MOVED TO THE BOTTOM OF THE BLOG!

ads

Search This Blog

Friday, April 8, 2011

Google acquisition of ITA Software approved, with conditions

FinancialNewsOnline on Apr 8, 2011 - The Department of Justice said it had approved Google's (GOOG) acquisition of travel software maker ITA Software with a number of conditions. 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 Google will also be required to provide mandatory arbitration under certain circumstances and provide for a formal reporting mechanism for complainants if Google acts in an unfair manner.