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Beijing gives nod to Marriott's deal to buy Starwood

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Published Wed, Sep 21, 2016 · 09:50 PM

Bengaluru

CHINESE antitrust regulators approved Marriott International Inc's deal to buy Starwood Hotels & Resorts Worldwide Inc, clearing the way for the combined company to become the world's largest hotel chain.

China's Ministry of Commerce (Mofcom) review was the only remaining merger clearance for the deal after the companies secured approvals from more than 40 countries including the US and Canada.

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