European antitrust regulators to warn Booking Holdings on Etraveli deal -report
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European antitrust regulators are expected to warn Booking Holdings (NASDAQ:BKNG) about its planned $1.7 billion purchase of Sweden's global flight booking provider Etraveli.
The European Commission is likely to send a "statement of objections" soon about its concerns about the transaction, according to aÂ Reuters report, which cited people familiar with the matter. A final decision hasn't been made at this point.
Booking (BKNG)Â entered into anÂ agreementÂ with funds managed by CVC Capital Partners to acquireÂ Etraveli for â¬1.63 billion in November 2021.