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Birmingham Post
Birmingham Post
Business
Jon Robinson

Investigation launched into €1.63bn Booking.com deal

Booking Holdings CMA Bookingcom

A probe has been launched into a €1.63bn deal which saw Booking.com agree to acquire a global flight reservations provider.

It was announced in November 2021 that Booking Holdings had entered into an agreement with CVC Capital Partner to buy Sweden-headquartered Etraveli Group.

However, the UK's Competition and Markets Authority (CMA) has now launched an investigation into the deal over concerns it may lead to a "substantial lessening of competition".

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