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Wireless

EC set to clear Facebook takeover of WhatsApp - report

Friday 26 September 2014 | 09:45 CET | News
Facebook will win unconditional EU approval for its USD 19 billion offer for mobile messaging provider WhatsApp, two people familiar with the matter told Reuters. Facebook convinced the Commission that the deal had no anti-competitive effect and, therefore, concessions were not necessary, the sources said. Commission spokesman Antoine Colombani declined to comment. The European Union competition authority has set a 03 October deadline for its decision. US regulators gave the green light for the deal in April, telling WhatsApp to stick to its current privacy practices after the merger,

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Categories: Mobile & Wireless
Companies: Facebook / WhatsApp
Countries: World
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