Booking Holdings Inc. proposes remedies for its proposed acquisition of Etraveli Group

Booking Holdings Inc., in an attempt to convince the European Commission (EC) to approve its proposed acquisition of Sweden’s Etraveli Group, has offered concessions to ease competition concerns of the EC. The EC is concerned that the proposed acquisition of Etraveli Group, flight-only company, may give the travel group an added boost in the hotels sector and further strengthen its market position. Booking Holdings Inc. proposed remedies to allow users who book flights with Etraveli, accommodation options beyond those offered by Booking only, to address these concerns.