BKNG - After Approving Booking.com-Etraveli Deal European Regulatory Set To Block The Deal | Benzinga
European Union regulators are poised to block the €1.63 billion acquisition of Sweden's Etraveli Group by US online travel site Booking Holdings Inc (NASDAQ: BKNG) due to concerns over competition.
This decision diverges from the stance taken by the UK's Competition and Markets Authority, which approved the deal a year ago.
In November 2021, Booking announced its intention to acquire Etraveli, known for brands like Gotogate and Mytrip and owned by private equity giant ...