Google and Justice Department near deal to allow ITA Software purchase
Google Inc. and the U.S. Justice Department are reportedly negotiating a settlement that would prevent the federal agency from filing an antitrust lawsuit to block Google's $700-million purchase of ITA Software.
"My understanding is that we're looking at days as opposed to weeks," an anonymous source "close to the deal" told Reuters.
The alleged settlement proposal would open Google up to federal "antitrust monitoring," something that hasn't taken place before with the Mountain View, Calif., tech leader, the Journal said.
Politico reported that the deal would mandate that Google allow ITA's software, which is used by airlines for online flight and ticket operations, to be licenced by rival search engines and online travel websites and not just integrated into Google's products.
Officials at Google and the Justice Department were not available for comment on the reports Thursday afternoon.
The FTC is also reportedly watching the Justice Department's actions with Google regarding the proposed ITA purchase with an eye toward launching a possible antitrust probe of its own.
-- Nathan Olivarez-Giles