When the European Union issued new rules for the internet 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.
Today an acquisition by travel company Booking has been blocked by EU regulators, who cited concerns that the deal could harm competition and drive up prices. Booking Holdings, whose biggest subsidiary is the Amsterdam-based online travel agent Booking.com, was prohibited from buying Swedish peer Etraveli. Booking’s chief executive hit back at the
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