Google, DOJ sign deal to approve ITA acquisition

Google has won regulatory approval for its $700 million deal to buy ITA Software, but the Justice Department intends to keep a close eye on the search giant.

The proposed settlement, which still must be approved by a federal judge, requires Google to continue licensing ITA’s travel technology to rivals for five years on reasonable and nondiscriminatory terms. Some of those rivals, such as Kayak and Hotwire, formed FairSearch.org to oppose the deal — via redwolf.newsvine.com