Tuesday, September 7, 2010
GOOG
The Justice Department has reportedly opened an antitrust probe into Google's (GOOG) $700M deal to purchase travel software firm ITA Software. Sources say the investigation is still in an early stage, and is focused on whether Google could unfairly disadvantage potential new rivals by cutting off their access to ITA's software or unfairly steer web searchers to its own travel services. Google had previously disclosed that the Justice Department had asked for more information on the deal, but hadn't specified the department's concerns.
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