ACCC clears Expedia takeover of Wotif

By Matt O'Sullivan
Updated October 3 2014 - 7:08am, first published October 2 2014 - 9:32pm
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Large hotel chains tend to receive up to 20 per cent of their bookings through online travel agents such as Wotif, while smaller operators rely on them for more than half. Photo: Glenn Hunt
Large hotel chains tend to receive up to 20 per cent of their bookings through online travel agents such as Wotif, while smaller operators rely on them for more than half. Photo: Glenn Hunt
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Large hotel chains tend to receive up to 20 per cent of their bookings through online travel agents such as Wotif, while smaller operators rely on them for more than half. Photo: Glenn Hunt
Large hotel chains tend to receive up to 20 per cent of their bookings through online travel agents such as Wotif, while smaller operators rely on them for more than half. Photo: Glenn Hunt
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Cashing in: Wotif co-founder Graeme Wood's 19.8 per cent stake in the company will be worth about $140m. Photo: Glenn Hunt
Large hotel chains tend to receive up to 20 per cent of their bookings through online travel agents such as Wotif, while smaller operators rely on them for more than half. Photo: Glenn Hunt
Large hotel chains tend to receive up to 20 per cent of their bookings through online travel agents such as Wotif, while smaller operators rely on them for more than half. Photo: Glenn Hunt

The competition watchdog has cleared the way for Expedia to complete its $703 million takeover of online travel company Wotif.com, brushing off concerns the enlarged company will charge hotels higher commissions.

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