Expedia and Wotif.com finally gets the final approval
It appears that Expedia Inc’s $610 million takeover of wotif.com has satisfied all the regulatory requirements, and wotif.com’s shares are no longer traded on the Australian Stock Exchange.
The Supreme Court of Queensland was the last green light needed, and the deal got the okay today. This cleared the scheme of arrangement which defined the terms under which the wotif.com shares would be transferred to Expedia’s Australian holding company.
Earlier this week, the New Zealand competition authorities found that there was no concerns over competition within its jurisdiction and rubber-stamped the deal.
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