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

08-02-22 0531ET