Bloomberg: Facebook Inc. will acquire WhatsApp Inc. for about $19 billion.
Bloomberg: Facebook Inc. will acquire WhatsApp Inc. for about $19 billion.
The European Commission cleared the deal without seeking any concessions, saying a careful review showed the two businesses aren’t close competitors and consumers will continue to have a wide choice of communications apps.
“While Facebook Messenger and WhatsApp are two of the most popular apps, most people use more than one,” EU Competition Commissioner Joaquin Almunia said in an e-mailed statement. The deal “would not hamper competition in this dynamic and growing market.”
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