Booking Holdings' EUR1.6 Billion Etraveli Acquisition to Be Probed by UK Watchdog
August 02 2022 - 5:46AM
Dow Jones News
By Ian Walker
The U.K. Competition and Markets Authority said Tuesday that it
is investigating Booking Holdings Inc.'s 1.6 billion euro ($1.64
billion) acquisition of Etraveli Group to see if it will lead to a
substantial lessening of competition.
The regulator has set a deadline of Sept. 28 to decide whether
to clear the deal or refer it for a further review.
Last November, Booking Holdings said that 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
August 02, 2022 05:31 ET (09:31 GMT)
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