European competition authorities have blocked an acquisition by Dutch travel company Booking as scrutiny on Big Tech companies heats up.
earlier this year, officials in Brussels envisioned a system that would stop US Big Tech from growing out of control. But the bloc’s latest antitrust decision sent a message that it’s not only American tech giants that will be subject to increasing scrutiny, but European tech companies too.
“The European Commission’s decision not only departs from settled law and precedent but it deprives consumers of travel options that they are entitled to have,” said Booking’s executive, Glenn Fogel, in a. Booking initially announced its intention to acquire Etraveli, a flight booking company, in 2021.
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