European antitrust regulators to warn Booking Holdings
European antitrust regulators are expected to warn Booking Holdings about its planned $1.7 billion purchase of Sweden's global flight booking provider Etraveli
The European Commission, which acts as the competition enforcer for the European Union, is likely to send a statement of objections to the companies shortly, detailing possible anti-competitive effects of the takeover, people familiar with the matter said.
Key takeaways
- A final decision has not been made yet, as the EU antitrust watchdog is scheduled to decide on the deal by Aug. 30;
- Booking announced the proposed acquisition of private equity firm CVC Capital Partners-owned Etraveli in November 2021;
- Etraveli owns the brands Gotogate and Mytrip and also operates airline integration company TripStack.
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