Tuesday, February 1, 2011

Google in Talks to Save Travel Deal

Google is negotiating with the U.S. Department of Justice in move to head off an antitrust lawsuit against its acquisition of ITA, a leading travel information aggregator.

The Mountain View, Calif.-based company freshly agreed to pay $700 million for ITA, a travel service that powers an estimated 65 percent of direct online flight bookings, including sites like Kayak, SideStep and travel results at Microsoft's Bing search engine.

Should the agreement go through, some travel companies like Expedia fear that Google's rankings could be skewed to favor of the its travel service, prompting the Justice Department to look into for possible antitrust violations.

1 comment:

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