Google Buys ITA Software For $700 Million

Google has announced that it has acquired ITA Software, a company which provides flights information on the web, for $700 million. Some say that Google will be struck by antitrust lawsuits as it’s the biggest search engine on the web, while ITA Software is the biggest travel search firm.

Eric Schmidt, Google’s CEO, says that the deal shouldn’t raise any concerns, as his company is not in direct competition with ITA or another other travel search company as Google is not and will never be “a travel agency.” With thanks to Softsailor, you can continue reading there.

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