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EU court upholds EU antitrust veto of Booking's ETraveli deal
Source: reuters.com
Antitrust & CompetitionLegal & LitigationM&A & RestructuringTravel & Leisure
Europe's second-highest court upheld EU antitrust regulators' block of Booking Holdings' €1.63 billion ($1.9 billion) acquisition of ETraveli, rejecting the U.S. online travel company's appeal. The ruling preserves the prohibition on the deal and underscores regulatory constraints on consolidation in Europe's online travel market.
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