Australia's Wotif.com down 7 percent after Expedia merger delay

Reuters

Updated 13 October 2014 at 7:41 pm

SYDNEY (Reuters) - Shares in Australian online travel firm Wotif.com Holdings Ltd fell more than 7 percent to three-week lows after the New Zealand Commerce Commission said it has briefly delayed its regulatory ruling on Expedia Inc's acquisition of the company.

A decision is expected to be made no later than Oct. 21. Australia's antitrust regulator cleared the deal earlier in October.

Shares in Wotif were trading 7.1 percent lower at A$3.05 by 12.16 a.m. BST.

(Reporting by Thuy Ong; Editing by Kenneth Maxwell)

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