( ) -q-25- UNDATED (Correspondent Jeremy House) “paid by consumers.” The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli (EE trah vel eye) Group. [CutID: <Cuts> BOOKING-ETRAVELI-house-q-MONam.mp3 Time: 25s Title: BOOKING-ETRAVELI-house-q-MONam Out-cue: paid by consumers] TAG: Correspondent Jeremy House reporting. Booking’s brands include Booking.com, […]
Audio
EU Commission blocks Booking’s planned acquisition of Etraveli
( ) -q-25- UNDATED (Correspondent Jeremy House) “paid by consumers.”
The European Union’s executive arm is blocking leading U.S. online travel agency Booking from acquiring Sweden’s flight booking provider Etraveli (EE trah vel eye) Group.
[CutID: <Cuts> BOOKING-ETRAVELI-house-q-MONam.mp3
Time: 25s
Title: BOOKING-ETRAVELI-house-q-MONam
Out-cue: paid by consumers]
TAG: Correspondent Jeremy House reporting. Booking’s brands include Booking.com, Rentalcars, Priceline and Agoda.
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VERBATIM: The European Commisson says the deal would have allowed Booking to increase its dominant position on the market on the continent. The Commission says it warned Booking Holdings about its concerns, but that the remedies offered by the company were not sufficient. An investigation by the Commission found out the proposed 1.8 billion dollar deal would have led to higher costs for hotels, and possibly, a negative impact on the price paid by consumers.