Booking Holdings' (BKNG) Booking.com is no longer under investigation by Italy's competition regulator AGCOM, according to a Thursday statement from the watchdog.
AGCM launched an inquiry in March to determine whether Booking.com was abusing of a dominant market position in regards to its hotel price policy.
The watchdog closed the probe saying it decided that commitments made by the company satisfied its competition concerns.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments