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EU gives green light to Facebook takeover of WhatsApp

Friday 3 October 2014 | 14:58 CET | News
The European Commission has cleared Facebook's proposed USD 19 billion takeover of mobile messaging provider WhatsApp, confirming the deal would not hurt competition. "We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market," said outgoing EC competition commissioner Joaquin Almunia. The EC's statement explained that Facebook users must set up a profile and typically use the whole social networking site, whereas WhatsApp users only use the app on a mobile. In addition, consumers will continue to

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Categories: Internet
Companies: European Commission / Facebook / WhatsApp
Countries: Europe
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