European competition authorities have blocked an acquisition by Dutch travel company Booking as scrutiny on Big Tech companies heats up.
earlier this year, officials in Brussels envisioned a system that would stop US Big Tech from growing out of control. But the bloc’s latest antitrust decision sent a message that it’s not only American tech giants that will be subject to increasing scrutiny, but European tech companies too.
“The European Commission’s decision not only departs from settled law and precedent but it deprives consumers of travel options that they are entitled to have,” said Booking’s executive, Glenn Fogel, in a. Booking initially announced its intention to acquire Etraveli, a flight booking company, in 2021.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU Commission blocks Booking's planned acquisition of flight booking provider EtraveliThe European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group.
Read more »
EU Commission blocks Booking's planned acquisition of flight booking provider EtraveliThe European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group.
Read more »
EU Commission blocks Booking's planned acquisition of flight booking provider EtraveliThe European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli Group.
Read more »
IPO market shows fatigue as trio of big tech deals languish in second week of tradingThe initial public offering market was again showing signs of fatigue on Monday, with the three big tech deals that priced last week falling again.
Read more »
The Big 3 Break Out on the cover of Big 3 #4, up for AuctionBig 3 was a Fox anthology inspired by DC's New York World's Fair 1940, this issue featuring Blue Beetle by Robert Kanigher and Al Carreno.
Read more »
European Union blocks Booking Holding's $1.8 billion acquisitionThe European Union's executive arm said Monday it is blocking leading U.S. online travel agency Booking from acquiring Sweden's flight booking provider...
Read more »