Google-ITA Software deal: Analyst says decision by January 25
A financial analyst predicts that a ruling on Google’s proposed $700 million acquisition of ITA Software should be made by Jan. 25.
Estimating timelines for Department of Justice antitrust review decisions can be tricky, but a financial analyst says a ruling on Google’s proposed $700 million acquisition of ITA Software should be made by Jan. 25.
“For the Google/ITA deal, we expect to hear back from the government by Jan 25th, given Google’s federal filing, refusing a review extension (goverment has 30 days to respond),” Herman Leung, an analyst at Deutsche Bank Equity Research, wrote in a note to investors. “Bottom line, we expect the deal to pass but likely with some provisions around technology and competition.”
Leung says he bases his timing estimate on the federal filing and industry sources.
Various news reports indicate Google declined a review extension and hence the 30-day deadline for the DOJ to respond.