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Booking Holdings' EUR1.6 Billion Etraveli Acquisition Cleared by UK Watchdog

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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