- Booking Holdings ( NASDAQ: BKNG ) is expected to see a full European antitrust probe of its planned $1.7 bllion purchase of Sweden's global flight booking provider Etraveli.
- The European Commission is expected to open a full investigation at the end of its preliminary review on Nov. 16, according to a Reuters report. Booking ( BKNG ) had until Wednesday to offer remedies, though it didn't.
- Booking ( BKNG ) entered into an agreement with funds managed by CVC Capital Partners to acquire Etraveli for ~€1.63B last November.
For further details see:
Booking Holdings set to see in-depth European probe of Etraveli deal - report