EU charges Facebook over WhatsApp buyout
BRUSSELS, Belgium (AFP) — The European Union charged Facebook on Tuesday with providing "misleading" information when it sought approval for its blockbuster US$22-billon buyout of the WhatsApp mobile messaging service.The European Commission said the EU's green light of the buyout, announced in October 2014, was not in jeopardy but the social network could face almost two hundred million euros in fines.With the charge, Facebook joins Apple, Google, Amazon and Microsoft among the US-based tech giants caught in major EU competition probes."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" of the buyout, the EU's executive arm said in a statement.
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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.Our timely and effective review of mergers depends on the accuracy of the information provided by the companies involved.
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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.The company said in 2014 that it could not do this.
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