A PYMNTS Company

EU: Facebook cleared for WhatsApp buy after in-depth probe

By  |  October 5, 2014

After launching an in-depth investigation of Facebook’s $19 billion purchase of WhatsApp, the European Commission has reportedly approved of the transaction.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Facebook first announced plans to acquire the mobile messaging application earlier this year. Since, some consumer and privacy advocates had raised concerns over what Facebook would do with users’ information received through WhatsApp.

    But the Commission could only focus on the effects on competition the deal would have and, after probing the merger, said that the merged company “would continue to face sufficient competition.”

    Full content: ABC News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.