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- EU Watchdog Probes Facebook Over WhatsApp MergerThe European Commission is investigating whether Facebook gave misleading information about its takeover of mobile messaging service WhatsApp.The EU's executive body on Tuesday gave Facebook until Jan. 31 to answer a "statement of objections" about merger information the social media giant gave the Commission two years ago.The Commission, the EU's merger and anti-trust watchdog, is concerned that Facebook can match its users' accounts with WhatsApp user accounts.
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- BRUSSELS The European Commission has charged Facebook Inc (FB.O) with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover.However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion merger in 2014, the Commission said in a statement on Tuesday.Facebook becomes the latest Silicon Valley target of EU competition commissioner Margrethe Vestager, who has demanded Apple (AAPL.O) pay back $14 billion in taxes to Ireland and hit Google (GOOGL.O) with two market abuse investigations.
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- Facebook Inc. FB, -1.38% is facing a potential fine from the European Union's competition watchdog after the European Commission accused the social media company of providing "misleading information" about its planned WhatsApp takeover.The commission said on Tuesday it has sent a so-called Statement of Objections to Facebook alleging the company gave incorrect information during the 2014 investigation of its $19 billion takeover of WhatsApp."In this specific case, the Commission's preliminary view is that Facebook gave us incorrect or misleading information during the investigation into its acquisition of WhatsApp.
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![Mergers: Commission alleges Facebook provided misleading information about WhatsApp takeover]()
- The European Commission has sent a Statement of Objections to Facebook alleging the company provided incorrect or misleading information during the Commission's 2014 investigation under the EU Merger Regulation of Facebook's planned acquisition of WhatsApp.Commissioner Margrethe Vestager, in charge of competition policy, said: "Companies are obliged to give the Commission accurate information during merger investigations.They must take this obligation seriously.
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EU Watchdog Probes Facebook Over WhatsApp Merger
- EU Watchdog Probes Facebook Over WhatsApp MergerThe European Commission is investigating whether Facebook gave misleading information about its takeover of mobile messaging service WhatsApp.The EU's executive body on Tuesday gave Facebook until Jan. 31 to answer a "statement of objections" about merger information the social media giant gave the Commission two years ago.The Commission, the EU's merger and anti-trust watchdog, is concerned that Facebook can match its users' accounts with WhatsApp user accounts.
. read more from here
EU accuses Facebook of misleading it in WhatsApp takeover probe
- BRUSSELS The European Commission has charged Facebook Inc (FB.O) with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover.However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion merger in 2014, the Commission said in a statement on Tuesday.Facebook becomes the latest Silicon Valley target of EU competition commissioner Margrethe Vestager, who has demanded Apple (AAPL.O) pay back $14 billion in taxes to Ireland and hit Google (GOOGL.O) with two market abuse investigations.
. read more from here
EU accuses Facebook of providing 'misleading' information about WhatsApp deal
- Facebook Inc. FB, -1.38% is facing a potential fine from the European Union's competition watchdog after the European Commission accused the social media company of providing "misleading information" about its planned WhatsApp takeover.The commission said on Tuesday it has sent a so-called Statement of Objections to Facebook alleging the company gave incorrect information during the 2014 investigation of its $19 billion takeover of WhatsApp."In this specific case, the Commission's preliminary view is that Facebook gave us incorrect or misleading information during the investigation into its acquisition of WhatsApp.
. read more from here
Mergers: Commission alleges Facebook provided misleading information about WhatsApp takeover
- The European Commission has sent a Statement of Objections to Facebook alleging the company provided incorrect or misleading information during the Commission's 2014 investigation under the EU Merger Regulation of Facebook's planned acquisition of WhatsApp.Commissioner Margrethe Vestager, in charge of competition policy, said: "Companies are obliged to give the Commission accurate information during merger investigations.They must take this obligation seriously.
. read more from here
to read more visit us whats app
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