Booking’s Etraveli deal facing full-scale EU antitrust probe, Reuters reports

Booking Holdings’ $1.7 billion bid for Sweden-based Etraveli Group faces a full-scale EU antitrust investigation, Reuters’ Foo Yun Chee reports, citing people familiar with the matter. The European Commission, which has been assessing the deal since Oct. 10, will open an in-depth investigation at the end of its preliminary review on Nov. 16 because of competition concerns, the people said. Booking had until Wednesday to offer remedies but did not do so, a filing on the Commission website showed on Thursday. Reference Link