FILE PHOTO: The U.S. Department of Justice is seen in Washington, D.C., U.S., June 4, 2025. REUTERS/Nathan Howard/File Photo
FILE PHOTO: The U.S. Department of Justice is seen in Washington, D.C., U.S., June 4, 2025. REUTERS/Nathan Howard/File Photo
Home » News » Business & Economy » US Justice Department drops bid to block corporate travel company merger
Business & Economy

US Justice Department drops bid to block corporate travel company merger

(Removes extra word “group” in paragraph 1)

(Reuters) -The U.S. Department of Justice dropped its bid to block American Express Global Business Travel’s acquisition of CWT Holdings, according to court records entered in New York on Tuesday.

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The U.S. sued in January, before President Donald Trump took office, to block the proposed merger, saying the $570 million deal would eliminate competition between the largest and third-largest providers of business travel management services.

(Reporting by Jody Godoy; Editing by Chris Reese)

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