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Google and ITA Software Sign Acquisition Agreement

Cambridge and Mountain View, Calif. (July 1, 2010) - ITA Software, Inc., a flight information software company, and Google Inc. (NASDAQ: GOOG) today announced that they have signed a definitive agreement for Google to acquire ITA for $700 million in cash, subject to adjustments.

"ITA's very talented team has created an impressive product to organize flight information," said Eric Schmidt, Chairman and CEO of Google. "Their technology opens exciting possibilities for us to create new ways for users to more easily find flight information online, and we're looking forward to welcoming them to Google."

in reference to:

"Google and ITA Software Sign Acquisition Agreement"
- Google and ITA Software Sign Acquisition Agreement - Google Investor Relations (view on Google Sidewiki)