Feeds

Google to buy flight data company for $700m

Part of search giant's world domination improvement plan

3 Big data security analytics techniques

Google has agreed to pay $700m to buy flight-information provider ITA Software so that the search giant can provide users with more-comprehensive information about prices, times, and destinations of commercial airline flights.

The all-cash deal is the latest attempt by Google to expand beyond its core web-search offerings. While CEO Eric Schmidt said it's too early to flesh out business models, the company said its embrace of the 500-employee firm located in Cambridge, Massachusetts would make it easier for people to comparison-shop for flights, and would drive more sales to online travel agencies.

ITA was founded in 1996 by computer scientists from the Massachusetts Institute of Technology. Its search algorithms for presenting customized flight data are already used to help several airlines run their reservation systems.

It wouldn't be surprising for the deal to face significant regulatory scrutiny from antitrust enforcers in the US and possibly elsewhere. Google's $750m acquisition of AdMob was held up by a six-month review from the Federal Trade Commission, which ended its inquiry only after Apple bought Quattro, the third-largest mobile ad network.

Google hasn't said how much time it expects for the latest deal to close. In an announcement, the company already appeared to be girding for a fight, insisting that under the deal Google wouldn't be setting airfare prices and had no plans to sell tickets to consumers. It also said existing market shares in the industry wouldn't change. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.