The U.S. Department of Justice (DoJ) has approved Google’s $700 million acquisition of ITA Software, The Wall Street Journal reports. As per the settlement, Google will be required to continue to license ITA’s software to online airfare-search sites for five years Google will to continue fund research and development of that software at levels that are similar to ITA’s investments. The settlement also includes a monitoring provision that will allow the DoJ to track Google’s compliance.
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