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Friday, April 8, 2011

Google seals ITA deal but antitrust review looms, (NASDAQ: GOOG)

The Justice Department approved Google Inc's (GOOG.O) purchase of ITA Software with stiff conditions on Friday, and left the door open to a larger probe into whether Google manipulates search results to hurt rivals. The decision, which allows Google to expand into the online travel market, comes as new CEO Larry Page revamped the company's management structure in a bid to accelerate efforts in social networking, mobile and other key businesses. [ID:nN08272594] The Justice Department blessed Google's $700 million deal with the ticketing software company. Google promised to license the software for five years, to continue to upgrade it, and to establish firewalls to protect ITA clients' intellectual property.

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