Posted 9/25/2023, 11:10:00 AM

EU blocks Booking's acquisition of Etraveli over antitrust concerns

Booking blocked from acquiring Swedish site Etraveli by European Union
EU argues deal would reduce competition and raise prices
Booking says it will appeal the decision
EU has blocked several tech deals recently over antitrust concerns
Deal was announced in November 2021 for $1.6 billion

barrons.com

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9/25/2023

EU Blocks Booking.com's Acquisition, Signaling Tougher Oversight of Tech Deals

The European Union's decision to block a deal between Booking and Etraveli demonstrates that European tech companies will also face increased scrutiny and regulation under the new antitrust rules, contradicting the notion that the rules were solely aimed at US tech giants.