European Commission blocks Booking’s planned acquisition of Etraveli

  • 📰 LBC
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 74%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Booking’s brands include Booking.com, Rentalcars, Priceline and Agoda.

The European Union’s executive arm said on Monday it is blocking leading US online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group, because it would have allowed it to increase its dominant position on the market on the continent.

Booking Holdings said it plans to appeal, adding that the fusion would have “delivered tremendous benefits for consumers and partners by bringing more options and competitive pricing.” “Booking Holdings regrets very much the lack of convergence of the European Commission with other major international enforcers on this pro-competitive transaction.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 17. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European Commission blocks Booking’s planned acquisition of EtraveliBooking’s brands include Booking.com, Rentalcars, Priceline and Agoda.
Source: Glasgow_Times - 🏆 76. / 59 Read more »

European Commission blocks Booking’s planned acquisition of EtraveliBooking’s brands include Booking.com, Rentalcars, Priceline and Agoda.
Source: Observer_Owl - 🏆 18. / 72 Read more »