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