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Booking files court appeal of EU veto on Etraveli deal

By Natalie McNelis and Nicholas Hirst ( December 7, 2023, 17:34 GMT | Insight) -- Booking Holdings has lodged its planned appeal of the contentious EU prohibition of its Etraveli takeover, MLex has learned. The hotel booking platform is challenging the European Commission's first prohibition based on a pure “conglomerate” theory of harm, based on the idea that Booking expanding its “ecosystem” risked strengthening its dominant position on its core market. Dealmakers, especially in the digital sector, will be anxious to hear the court’s verdict.Booking Holdings lodged its planned appeal of the EU veto on its takeover of Etraveli on Tuesday, MLex has learned, alleging that the decision was vitiated by serious legal and factual errors and should be annulled....

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