June 29, 2010 / 1:42 AM / 9 years ago

Buyers court ITA Software: report

NEW YORK (Reuters) - Several potential buyers are considering buying travel-search technology company ITA Software, the Wall Street Journal reported on Monday, citing people familiar with the matter.

ITA has been in exclusive discussions with Google Inc (GOOG.O) over a potential deal, according to these people, the Journal reported.

Other potential bidders include Expedia Inc (EXPE.O), Kayak.com and Travelport, the WSJ reported.

Some of these bidders have made unsolicited offers of cash and stock for Cambridge, Massachusetts-based ITA, but have not been given access to its financial information since it is in exclusive discussions with another buyer, the people told the WSJ.

ITA had sought $1 billion from Google, but the search firm’s offer was closer to about $700 million, the Journal reported.

Google and ITA have been in discussions for more than three months but have not reached a deal due to price differences and concerns about antitrust scrutiny, the people told the Journal.

Google said in an emailed statement that the company does not comment on rumor or speculation.

Messages left with Expedia, Travelport, Kayak.com and ITA were not immediately returned.

Reporting by Elinor Comlay; Editing by Gary Hill

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