After Agreeing To DOJ Settlement, Google Closes $700M Acquisition Of ITA Software

Last Friday, the DOJ cleared Google's $700 million acquisition of travel software company ITA. The DOJ said that if Google complied with a proposed settlement, Google could in fact buy the company. It looks like Google has agreed to the DOJ's terms, according to an update to Google's blog post announcing that the deal was on its way to be cleared.

The DOJ said last week that if Google didn't agree to the terms of the settlement, the search giant would be face an antitrust lawsuit. The DOJ requires that Google develop and license travel software, establish internal firewall procedures and to continue to fund software research and development in the industry.

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