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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.





Tuesday, April 5, 2011

Google could be target of Anti-Trust Probe.

FinancialNewsOnline on Apr 5, 2011 - Google (GOOG) is down 2.2% to $574.58 on news the company could be a target of a U.S. Federal Trade Commission anti-trust probe.

The FTC is considering a broad antitrust investigation into the company's dominance in the Internet-search industry, Bloomberg reports.

The commission is awaiting the Justice Department's decision on whether it will challenge Google's planned M&A of ITA Software Inc.