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provider of booking services in the United States with over 50% of airline bookings through travel agencies, “operated outdated technology and resisted innovation” while competitor Farelogix is “an innovative technology company that has stepped in to address the needs of airlines and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
US Judge OKs $110 Million Settlements in Antitrust Case Against Major Real Estate Brokerages
Oct 31, 2024 by
CPI
50 States and Territories Reach $49.1 Million Settlement in Generic Drug Price-Fixing Case
Oct 31, 2024 by
CPI
OpenAI Enhances ChatGPT with New Search Feature, Challenging Google’s Dominance
Oct 31, 2024 by
CPI
First Circuit Hears Arguments on Whether Federal Baseball Antitrust Exemption Shields Puerto Rican League from Legal Claims
Oct 31, 2024 by
CPI
Federal Appeals Court Expresses Doubts Over FCC’s Authority in Net Neutrality Revival
Oct 31, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI