European Union antitrust regulators are set to veto Booking Holding’s proposed EUR1.63B acquisition of Etraveli Group due to concerns about the travel agency’s market power, Reuters’ Foo Yun Chee reports, citing three people familiar with the matter. Booking announced the proposed purchase of Etraveli, owned by CVC Capital Partners, in November 2021.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BKNG:
- Booking Q3 guidance could prove conservative based on trends, says BTIG
- Morgan Stanley’s AI Forecast: 2023’s Big Moments
- BKNG, EXPE: 2 Travel Stocks That Could Turn AI in Their Favor
- QQQ: Why This Nasdaq ETF is a Must-Watch
- Booking Holdings price target raised to $3,855 from $3,430 at Tigress Financial