EU Commission blocks Booking's planned acquisition of ETraveli over antitrust concerns

euronews (in English)

Booking Holdings' planned €1.63 billion acquisition of ETraveli was blocked on Monday by EU antitrust authorities over fears it would strengthen the company's dominant position in the travel agency sector.

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00:00 Booking's merger with e-Travelie faces a veto by EU antitrust authorities.

00:07 Booking Holdings' planned 1.63 billion acquisition of the Swedish travel group e-Travelie was blocked on Monday by the European Union.

00:17 Who said it would have strengthened the company's dominant position in the travel agency sector.

00:23 Booking proposed to display offers from competing hotel hotels on its flight checkout page,

00:30 which is the page shown to travelers after they purchase their flight tickets.

00:36 The selection and ranking of hotels and competitors were not sufficiently transparent and non-discriminatory.

00:45 Booking, whose brands include Booking.com, Rental Cars, Priceline and Agoda, announced the deal in November 2021.

00:55 The agreement received an unconditional green light in Britain last year.

01:00 (laughter)

01:02 (whooshing)

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