EU Regulators to Block Booking.com's €1.6B Etraveli Deal
Portfolio Pulse from Benzinga Newsdesk
EU regulators are set to block Booking.com's €1.6 billion acquisition of Etraveli, according to the Financial Times. The deal, which was announced last year, has raised competition concerns.
September 01, 2023 | 10:23 am
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Booking.com's planned acquisition of Etraveli is likely to be blocked by EU regulators, which could impact the company's expansion plans.
The blocking of the Etraveli deal by EU regulators could negatively impact Booking.com's expansion plans and future growth prospects. This could potentially lead to a decrease in the company's stock price in the short term.
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