EU Court Blocks Booking's €1.63B ETraveli Deal
The EU General Court upheld the European Commission's veto of Booking Holdings' €1.63 billion acquisition of flight booking platform ETraveli Group. Regulators determined the deal would entrench Booking's dominant market position in online hotel distribution.
Key Takeaways
- 1EU court upheld regulators' veto of Booking's €1.63B acquisition of ETraveli Group
- 2Regulators argued the flight integration would unfairly cement Booking's OTA dominance
- 3Booking Holdings is reviewing the decision and weighing an appeal to the European Court of Justice
Source: shorttermrentalz.com
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