Booking Holdings' EUR1.6 Billion Etraveli Acquisition Cleared by UK Watchdog
September 29 2022 - 5:40AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority on Thursday cleared
Booking Holdings Inc.'s 1.6 billion-euro ($1.56 billion)
acquisition of Etraveli Group following a review of the deal.
The regulator said that, based on information currently
available, it won't refer the deal for a further in-depth
investigation.
The CMA launched its investigation into the deal last month to
see if it would lead to a substantial lessening of competition.
Last November, Booking Holdings said it was buying global flight
booking provider Etraveli Group from funds managed by CVC Capital
Partners.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
September 29, 2022 05:25 ET (09:25 GMT)
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