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Australia Defers Ruling On Expedia Acquisition Of Wotif

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Australia's competition watchdog has deferred a ruling on Expedia's proposed acquisition of Wotif until October 2.

The Australian Competition and Consumer Commission is exploring whether the removal of Wotif from the Australian market will lead to an increase in commission rates charged to hotels and other accommodation providers, it said in a statement on Thursday.

Expedia in July agreed to buy Wotif for USD$660 million.

(Reuters)