Google Inc. signed a definitive agreement to acquire ITA Software Inc., the company that revolutionized air fare shopping, for $700 million in cash. The deal requires regulatory approval.
On a telephone call with analysts and reporters, Google chief executive Eric Schmidt said airline travel and search represent a “perfect opportunity for more innovation, more investment and more interesting products.”
But neither Schmidt nor Jeremy Wertheimer, ITA’s founder and chief executive officer, would be specific about their future plans.
http://feedproxy.google.com/~r/AtwDailyNews/~3/thMQfbeUVys/google-signs-agreement-acquire-ita-its-planned-direction-remains-unclear-070
On a telephone call with analysts and reporters, Google chief executive Eric Schmidt said airline travel and search represent a “perfect opportunity for more innovation, more investment and more interesting products.”
But neither Schmidt nor Jeremy Wertheimer, ITA’s founder and chief executive officer, would be specific about their future plans.
http://feedproxy.google.com/~r/AtwDailyNews/~3/thMQfbeUVys/google-signs-agreement-acquire-ita-its-planned-direction-remains-unclear-070
