Last week, Google bought ITA, before anything else, first comes the regulatory review: "It's no secret that United States antitrust enforcers are looking closely at Google's business practices and the way it leverages its dominance in Web search into other Internet markets. Eric Schmidt, Google's chief executive, said last week that the companies anticipated a "significant review" of the ITA purchase."
The question is who'll dig into the deal "Federal Trade Commission or the Justice Department". The NY Times cites unnamed "antitrust experts" for the proposition that US regulators will review and then likely approve the ITA acquisition, though perhaps with conditions.
In some what related news, WSJ reports that European antitrust chief said "he's looking "closely" at anticompetitive allegations against the world's leading search engine Google Inc…The European Commission, Europe's highest antitrust authority, is currently looking into "some allegations of anticompetitive conduct in relation to search," Mr. [Joaquin] Almunia said in his speech in London. Although the work is at an early stage, "I am looking at the allegations very carefully," given the importance of online search to the marketplace," Almunia said.