A US judge has ruled that travel technology firm Sabre may purchase Farelogix after the Justice Department sued to stop the planned $360 million acquisition.
Judge Leonard Stark of the U.S. District Court in Delaware said in a brief order on Tuesday that he had ruled for the defendant, which is to say the companies. The opinion was sealed.
Sabre in a statement said it welcomed the decision and was waiting to hear from a British antitrust enforcer this week.
“This federal court ruling supports our view that the Sabre-Farelogix acquisition is not anti-competitive. We appreciate the consideration the court gave to these important issues,” said Kristin Hays, a spokeswoman for Sabre.
In its lawsuit filed in August 2019, the government had said that Sabre, the dominant provider of booking services in the United States with over 50% of airline bookings through travel agencies, “operated outdated technology and resisted innovation” while competitor Farelogix is “an innovative technology company that has stepped in to address the needs of airlines and their customers.”
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI