Tags: Facebook | EU | antitrust | WhatsApp

Facebook Gets EU Antitrust Complaint Over WhatsApp Takeover Bid

Facebook Gets EU Antitrust Complaint Over WhatsApp Takeover Bid

(Dreamstime)

Tuesday, 20 December 2016 06:28 AM

Facebook Inc. was sent an antitrust complaint by European Union regulators who say the company may have misled them when it sought approval to buy the WhatsApp messaging service in 2014.

The world’s biggest social network faces fines of up to 1 percent of annual sales for providing "incorrect or misleading information" during the EU’s 2014 review of the WhatsApp takeover. It has until Jan. 31 to respond to the European Commission. The EU approval for the Facebook-WhatsApp deal isn’t at risk, the authority said in an e-mailed statement.

Facebook is the latest technology giant in the EU’s sights this year after it ordered Apple Inc. to repay some 13 billion euros ($13.5 billion) in back taxes and stepped up three separate antitrust investigations into Google’s behavior.

EU Competition Commissioner Margrethe Vestager said earlier this year that officials were quizzing Facebook over privacy policy changes that allowed advertising on Facebook and Instagram to draw upon data from WhatsApp.

Facebook informed regulators in August 2014 that it wouldn’t be able to establish "reliable automated matching between the two companies’ user accounts," the EU said. It now takes the view that this was technically possible in 2014 and that Facebook "intentionally or negligently" submitted misleading information, breaching EU merger rules.

Facebook separately faces probes by European privacy regulators over its move to merge data with WhatsApp. It’s also being investigated by Germany’s antitrust authority on whether it unfairly forces users to sign up to restrictive privacy terms.

© Copyright 2019 Bloomberg News. All rights reserved.

   
1Like our page
2Share
StreetTalk
Facebook Inc. was sent an antitrust complaint by European Union regulators who say the company may have misled them when it sought approval to buy the WhatsApp messaging service in 2014.
Facebook, EU, antitrust, WhatsApp
245
2016-28-20
Tuesday, 20 December 2016 06:28 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved