09 Apr '11, 2am

Google's online travel deal cleared

WASHINGTON: Google's entry into the online travel sector was cleared for takeoff Friday as the US Justice Department gave the green light to its $700 million purchase of flight data company ITA Software. The Justice Department's anti-trust division, however, extracted a number of concessions from Google and imposed conditions on the Internet search giant to allow the controversial acquisition to go ahead. The proposed legal settlement, which will need the approval of a US District Court, requires Google to notably develop and license ITA's travel software to other companies. Several online travel sites, including Expedia, Kayak and Travelocity, had sought to block the Google-ITA deal, claiming it would give Google too much control over the lucrative online travel market and lead to higher prices. The Justice Department agreed that unless modified, the acquisition "would ha...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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