Booking Holdings Intend To Challenge EU Veto Of ETraveli, Source Says
Portfolio Pulse from Benzinga Newsdesk
Booking Holdings is planning to challenge the European Union's veto of its proposed acquisition of ETraveli, according to a source. The EU had previously blocked the deal due to concerns over competition in the online travel market.
September 01, 2023 | 10:52 am
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Booking Holdings' plan to challenge the EU's veto of its ETraveli acquisition could lead to legal costs and uncertainty. However, if successful, it could strengthen its position in the online travel market.
The news directly pertains to Booking Holdings and its strategic plans. The challenge could lead to legal costs and uncertainty, which may negatively impact the stock in the short term. However, if the challenge is successful, it could strengthen Booking Holdings' position in the online travel market, potentially leading to long-term gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100