UK Watchdog Looks into Booking's Acquisition of Etraveli
July 04 2022 - 5:44AM
Dow Jones News
By Sabela Ojea
The U.K. Competition and Markets Authority said Monday that it
has started a probe into the acquisition of certain activities of
Etraveli Group AB by Booking Holdings Inc.
The U.K. watchdog said it will investigate whether the
transaction represents a lessening of competition.
On Nov. 23, 2021, Booking said it was buying global
flight-booking provider Etraveli Group from funds managed by CVC
Capital Partners for around 1.6 billion euros ($1.79 billion).
Booking also said that Etraveli Group would remain headquartered
in Sweden and operate as an independent business under Booking
Holdings.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
July 04, 2022 05:29 ET (09:29 GMT)
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