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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.


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(END) Dow Jones Newswires

September 29, 2022 05:25 ET (09:25 GMT)

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