- Expedia's (NASDAQ:EXPE) takeover of Wotif.com (OTCPK:WTIFY) received another green light, this time from New Zealand's competition regulator, leaving just one more regulatory hurdle for the A$699M ($610M) deal.
- "All of the conditions precedent to the scheme of arrangement, save for approval by the Supreme Court of Queensland, have now been satisfied," Wotif.com said in a statement. "A final hearing will be held at the Queensland Supreme Court tomorrow morning."
- The deal will make it easier for U.S.-based Expedia to grow in Australia and the Asia-Pacific.
- Previously: Australia approves Expedia's Wotif.com takeover