financeSkift··1 min·For: Owner, Revenue, Marketing, Investor
Expedia Gains European M&A Edge as Booking Deal Stays Blocked
European courts upheld the block on Booking Holdings' €1.63 billion Etraveli acquisition to prevent market dominance, handing a strategic M&A advantage to rival Expedia Group.
Key Takeaways
- 1Europe's General Court upheld the 2023 decision blocking Booking's €1.63 billion acquisition of Etraveli.
- 2Regulators ruled that flight bookings unfairly funnel travelers into Booking's dominant hotel business.
- 3Expedia capitalizes on the regulatory landscape with recent acquisitions including Tiqets and Cartrawler.
Source: Skift
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