EU court upholds antitrust veto of Booking’s ETraveli deal
Europe’s second-highest court backed EU antitrust regulators and upheld their block of Booking Holdings’ €1.63 billion ETraveli acquisition, rejecting the U.S. online travel company’s arguments.
Europe’s second-highest court on Wednesday sided with EU antitrust regulators that blocked Booking Holdings’ €1.63 billion ($1.9 billion) ETraveli acquisition three years ago, rejecting the U.S. online travel company’s arguments. The European Commission said in its 2023 decision that the deal would have helped Booking strengthen its position in online travel packages.