On September 9, in a landmark judgment, the General Court upheld the Commission’s 2023 decision prohibiting Booking’s acquisition of eTraveli. The ruling has far-reaching implications for acquisitions by dominant firms in markets characterized by network effects and allegedly high entry barriers. The Court held that the Commission may rely on novel theories of harm to challenge mergers that consolidate or perpetuate pre-merger competitive conditions, reinforce network effects, and allow an already-dominant company to create an “ecosystem” that rivals cannot replicate, even if that merger involves only a de minimis improvement in the dominant firm’s pre-existing offering or market position.









