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.
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(END) Dow Jones Newswires
September 29, 2022 05:25 ET (09:25 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.