Booking.com Announces Intent to Appeal Bundeskartellamt Ruling
Today the German competition authority, the Bundeskartellamt (BKartA) issued a prohibition decision against Booking.com, an operating business of The Priceline Group [NASDAQ: PCLN], in respect of its narrow MFN clauses in its agreements with accommodation partners in Germany. Booking.com strongly contests the BKartA's arguments and intends to appeal the BKartA's decision.