The Australian Competition and Consumer Commission released a public competition assessment on Wednesday, detailing its reasons for approving Expedia's $703 million purchase of Wotif.com Holdings. It approved the transaction in October, but until now it has not given details of the full reasoning behind the decision, which was criticised by some hotels concerned it would lead to them paying higher commissions to online travel agents in this market. Wotif had charged lower commissions than rivals like Priceline's Booking.com and Expedia. But some analysts had already raised the prospect it would need to lift them if it remained independent in order to remain competitive. US-based Priceline and Expedia were far outspending Wotif on marketing and technology investments. As a result, Wotif lost its position as the leading online travel agent in the Australian market. Get the full story at The Sydney Morning Herald