FTC Orders Solera To Off-Load Auto Software Business

Law360, New York (October 24, 2013, 8:39 PM EDT) -- The Federal Trade Commission unanimously approved on Thursday a settlement requiring Solera Holdings Inc. to divest the software business it purchased as part of its $8.7 million acquisition of rival Actual Systems of America Inc. and two related companies — a deal the FTC had branded anti-competitive.

In the wake of a public comment period on the settlement, first announced in July, the commission voted 4-0 to sign off on a final order settling allegations that the May 2012 transaction would’ve hurt competition in the already...
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