The EU Commission has blocked Booking’s €1.6bn takeover of Swedish online travel agency Etraveli, citing competition concerns.
“Booking’s acquisition of Etraveli would strengthen Booking’s dominant position in the online travel agencies market and likely lead to higher costs for hotels and, possibly, consumers,” said Didier Reynders, Commissioner for Justice.
According to the Commission, Booking is already the leading online hotel agency in the EEA, accounting for a 60% share of the total market. Meanwhile, Etraveli is the number two provider of flight services.
Apple isn't standing still on AI and machine learning — it has released a free and open-source framework for other AI developers...