The US Department of Justice (DOJ) is reportedly preparing a lawsuit to block American Express Global Business Travel’s planned acquisition of rival CWT, according to a Bloomberg report.
The proposed $570 million deal, which was announced last March, is currently being investigated by the UK’s Competition and Markets Authority (CMA) following competition concerns that could lead to “reduced choice and quality, and higher prices” for customers, according to an interim CMA report.
Confidential sources told Bloomberg on Wednesday (8 January) that a DOJ lawsuit could come “as soon as this week” as the Biden Administration enters its final days. An eventual lawsuit, however, would be managed by the incoming Trump…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
