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US Justice Department drops bid to block corporate travel company merger
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US Justice Department drops bid to block corporate travel company merger
Jul 29, 2025 12:28 PM

July 29 (Reuters) - The U.S. Department of Justice

dropped its bid to block American Express Global Business Travel

Group'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.

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