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EU's Booking merger veto a necessary 'new practice' for ecosystem deals, senior official says

By Natalie McNelis ( October 11, 2023, 16:14 GMT | Insight) -- The EU block on Booking’s Etraveli acquisition sees the European Commission departing from its merger review guidelines and basing its decision “directly on the merger regulation,” senior competition official Marc Zedler has said. It's a response to the rise of mergers in "ecosystems" where a company operates on several “linked” markets. This "new phenomenon" had to be tackled, he said, "and if our current guidelines … are not sufficient to do that, we need to develop a new practice.” The EU block on Booking’s Etraveli acquisition sees the regulator departing from its merger review guidelines and basing its decision “directly on the merger regulation,” senior competition official Marc Zedler has said....

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