{"id":65430,"date":"2023-09-26T00:16:22","date_gmt":"2023-09-26T04:16:22","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/eu-regulators-block-booking-holdings-1-7-billion-acquisition-of-etraveli-group\/"},"modified":"2023-09-26T00:16:24","modified_gmt":"2023-09-26T04:16:24","slug":"eu-regulators-block-booking-holdings-1-7-billion-acquisition-of-etraveli-group","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=65430","title":{"rendered":"EU regulators block Booking Holdings’ $1.7 billion acquisition of Etraveli Group"},"content":{"rendered":"
\n
\n

\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

In a move that is set to shake the online travel agency market, the European Union’s merger regulators have halted Booking Holdings (NASDAQ:) Inc.’s acquisition of Sweden’s Etraveli Group. The proposed transaction, valued at \u20ac1.6 billion ($1.7 billion), has been blocked due to concerns over potential damage to the market, announced on Monday.<\/p>\n

The European Commission expressed its apprehension regarding the deal, highlighting that it could potentially enhance Booking’s prevailing dominance in the market. This could result in increased costs for hotels and possibly even consumers. The Commission’s concerns are rooted in the belief that the deal would further empower Booking, thereby creating an imbalance in the marketplace.<\/p>\n

This decision comes as a significant setback for Booking Holdings Inc., which had planned to expand its footprint in the online travel agency sector through this acquisition. The blocking of this takeover underscores the European regulators’ commitment to maintaining a competitive balance within the industry.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. In a move that is set to shake the online travel agency market, the European Union’s merger regulators have halted Booking Holdings (NASDAQ:) Inc.’s acquisition of Sweden’s Etraveli Group. The proposed transaction, valued at \u20ac1.6 billion ($1.7 billion), has been blocked due to concerns over potential damage to the market, announced on Monday. […]<\/p>\n","protected":false},"author":1,"featured_media":5023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-65430","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nEU regulators block Booking Holdings' $1.7 billion acquisition of Etraveli Group | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. In a move that is set to shake the online travel agency market, the European Union's merger regulators have halted Booking Holdings (NASDAQ:)\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=65430\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU regulators block Booking Holdings' $1.7 billion acquisition of Etraveli Group | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"\u00a9 Reuters. In a move that is set to shake the online travel agency market, the European Union's merger regulators have halted Booking Holdings (NASDAQ:)\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=65430\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-26T04:16:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-26T04:16:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB9M0BY_L.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=65430#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=65430\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"EU regulators block Booking Holdings’ $1.7 billion acquisition of Etraveli Group\",\"datePublished\":\"2023-09-26T04:16:22+00:00\",\"dateModified\":\"2023-09-26T04:16:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=65430\"},\"wordCount\":194,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=65430#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=65430\",\"url\":\"https:\/\/ifintechworld.com\/?p=65430\",\"name\":\"EU regulators block Booking Holdings' $1.7 billion acquisition of Etraveli Group | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-09-26T04:16:22+00:00\",\"dateModified\":\"2023-09-26T04:16:24+00:00\",\"description\":\"\u00a9 Reuters. In a move that is set to shake the online travel agency market, the European Union's merger regulators have halted Booking Holdings (NASDAQ:)\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=65430#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=65430\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=65430#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EU regulators block Booking Holdings’ $1.7 billion acquisition of Etraveli Group\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EU regulators block Booking Holdings' $1.7 billion acquisition of Etraveli Group | iFintechWorld","description":"\u00a9 Reuters. In a move that is set to shake the online travel agency market, the European Union's merger regulators have halted Booking Holdings (NASDAQ:)","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=65430","og_locale":"en_US","og_type":"article","og_title":"EU regulators block Booking Holdings' $1.7 billion acquisition of Etraveli Group | iFintechWorld","og_description":"\u00a9 Reuters. In a move that is set to shake the online travel agency market, the European Union's merger regulators have halted Booking Holdings (NASDAQ:)","og_url":"https:\/\/ifintechworld.com\/?p=65430","og_site_name":"iFintechWorld","article_published_time":"2023-09-26T04:16:22+00:00","article_modified_time":"2023-09-26T04:16:24+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/LYNXNPEB9M0BY_L.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=65430#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=65430"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"EU regulators block Booking Holdings’ $1.7 billion acquisition of Etraveli Group","datePublished":"2023-09-26T04:16:22+00:00","dateModified":"2023-09-26T04:16:24+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=65430"},"wordCount":194,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=65430#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=65430","url":"https:\/\/ifintechworld.com\/?p=65430","name":"EU regulators block Booking Holdings' $1.7 billion acquisition of Etraveli Group | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-09-26T04:16:22+00:00","dateModified":"2023-09-26T04:16:24+00:00","description":"\u00a9 Reuters. In a move that is set to shake the online travel agency market, the European Union's merger regulators have halted Booking Holdings (NASDAQ:)","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=65430#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=65430"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=65430#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"EU regulators block Booking Holdings’ $1.7 billion acquisition of Etraveli Group"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/65430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65430"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/65430\/revisions"}],"predecessor-version":[{"id":65431,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/65430\/revisions\/65431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/5023"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}