American Express Global Business Travel and CWT have suggested a series of potential “remedies” to the UK’s Competition and Markets Authority (CMA), which could help them to gain clearance for their proposed merger, including price caps and service commitments for larger clients.
The proposed $570 million deal, which was announced in March, is currently undergoing an in-depth “phase two” investigation by the CMA.
Earlier this month, an interim report by the CMA found that the acquisition has the potential to “substantially lessen competition” and may lead to “reduced choice and quality, and higher prices” for global multinational (GMN) customers. Amex GBT has said that it “fundamentally disagrees” with the CMA’s…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
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