Booking Holdings appeals EC block on Etraveli Group; extends partnership through 2028

Booking Holdings Inc.

Booking Holdings intends to appeal the European Commission's prohibition of its acquisition of Etraveli Group from CVC.
Acquisition was cleared unconditionally by UK CMA and US FTC; EC decision departs from its own guidelines.
Booking.com and Etraveli Group extend existing commercial partnership through at least December 2028.
CEO Glenn Fogel says EC decision deprives consumers of travel options and departs from settled law.

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