Booking Holdings set to see in-depth European probe of Etraveli deal - report
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Booking Holdings (NASDAQ:BKNG) is expected to see a full European antitrust probe of its planned $1.7 bllion purchase of Sweden'sÂ global flight booking provider Etraveli.
The European Commission is expected to open a full investigation at the end of its preliminary review on Nov. 16, according to a Reuters report. Booking (BKNG) had until Wednesday to offer remedies, though it didn't.
Booking (BKNG)Â entered into anÂ agreementÂ with funds managed by CVC Capital Partners to acquire Etraveli for ~â¬1.63B last November.