2023-05-25 12:45:49 ET
- European antitrust regulators are expected to warn Booking Holdings ( NASDAQ: BKNG ) about its planned $1.7 billion purchase of Sweden's global flight booking provider Etraveli.
- The European Commission is likely to send a "statement of objections" soon about its concerns about the transaction, according to a Reuters report , which cited people familiar with the matter. A final decision hasn't been made at this point.
- Booking ( BKNG ) entered into an agreement with funds managed by CVC Capital Partners to acquire Etraveli for €1.63 billion in November 2021.
For further details see:
European antitrust regulators to warn Booking Holdings on Etraveli deal -report