Reported 22 days ago
Booking Holdings has criticized the EU's antitrust veto concerning its €1.63 billion acquisition of ETraveli, arguing that regulators failed to present convincing evidence of anti-competitive harm. The company's lawyer claimed that the European Commission's analysis lacked clarity and did not adequately assess the market conditions related to the merger. The EU maintained that the deal would further entrench Booking's dominance in the online hotel reservation market, making it harder for competitors to thrive.
Source: YAHOO