Justice Department Sues to Block Global Business Travel Group’s Proposed Acquisition of CWT Holdings

News Competition Sanctions & Fines

Date: 10th Jan, 2025 Source: US Department of Justice (Antitrust Division) Country: USA Original Source

Brief

On October 17, 2024, the US Department of Justice (Antitrust Division) issued an update regarding "Justice Department Sues to Block Global Business Travel Group's Proposed Acquisition of CWT Holdings". The lawsuit alleges that the proposed $570 million transaction would harm competition for business travel management services in the US, leading to higher prices and fewer choices for American businesses.

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US Department of Justice (Antitrust Division)

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Justice Department Sues to Block Global Business Travel Group’s Proposed Acquisition of CWT Holdings

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US Department of Justice (Antitrust Division)

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Justice Department Sues to Block Global Business Travel Group’s Proposed Acquisition of CWT Holdings

Brief

US Department of Justice (Antitrust Division)

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