US Justice Department drops bid to block corporate travel company merger

Global Business Travel

29/07/2025 19:50

Removes extra word "group" in paragraph 1

July 29 (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.

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)

((jody.godoy@tr.com))