Booking Holdings Intends To Appeal European Commission Decision To Prohibit Acquisition Of Etraveli Group
Portfolio Pulse from Benzinga Newsdesk
Booking Holdings has announced its intention to appeal the European Commission's decision to prohibit its acquisition of Etraveli Group. The company also announced an extension of a commercial partnership agreement between Booking.com and Etraveli Group through at least December 2028.
September 25, 2023 | 9:30 am
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NEUTRAL IMPACT
Booking Holdings' appeal against the European Commission's decision and the extension of its partnership with Etraveli Group could have mixed impacts on its stock.
The appeal against the European Commission's decision could lead to uncertainty and potential legal costs, which may negatively impact the stock. However, the extension of the partnership with Etraveli Group could be seen as a positive development, potentially offsetting any negative impacts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100