Home / Technology / Facebook Wins Unconditional EU Approval to Buy WhatsApp

Facebook Wins Unconditional EU Approval to Buy WhatsApp

Facebook Inc. (FB) won European Union
antitrust capitulation to buy messaging use WhatsApp Inc. for
about $19 billion, a biggest merger to date.

The European Commission privileged a understanding but seeking
any concessions, observant a clever examination showed a two
businesses aren’t tighten competitors and consumers will continue
to have a far-reaching choice of communications apps.

“While Facebook Messenger and WhatsApp are dual of a most
popular apps, many people use some-more than one,” EU Competition
Commissioner Joaquin Almunia pronounced in an e-mailed statement. The
deal “would not bushel foe in this energetic and growing
market.”

Chief Executive Officer Mark Zuckerberg, a world’s 13th-richest chairman according to a Bloomberg Billionaires Index,
has done ads on smartphones and tablets Facebook’s core business
and is building on that substructure to boost a company’s
reach opposite wireless devices.

Facebook, formed in Menlo Park, California, pronounced it was
pleased to accept clearway from a EU and looked brazen to
closing a acquisition, according to an e-mailed statement.

While some companies told a EU that WhatsApp was a rival
social network to Facebook, a EU pronounced they were “if anything,
distant competitors in this area.” Even if Facebook were to
integrate WhatsApp into a social-networking service, a net
gain in terms of users would be singular given a dual companies’
user bases overlie to a poignant extent, a EU said.




Photographer: Chris Ratcliffe/Bloomberg

The due cash-and-stock merger by Facebook, a world’s largest amicable network, gave WhatsApp roughly a same gratefulness as Gap Inc. and some-more than half a marketplace value of microblogging use Twitter Inc. Close

The due cash-and-stock merger by Facebook, a world’s largest social… Read More

Open

Photographer: Chris Ratcliffe/Bloomberg

The due cash-and-stock merger by Facebook, a world’s largest amicable network, gave WhatsApp roughly a same gratefulness as Gap Inc. and some-more than half a marketplace value of microblogging use Twitter Inc.

Advertising Purposes

Any Facebook pierce to deliver promotion to WhatsApp
wouldn’t lift foe concerns since there are
alternative providers and Facebook doesn’t exclusively control
the vast volume of Internet user information that’s profitable for
advertising purposes, a EU said.

The EU examination didn’t cover privacy-related concerns, it
said.

Zuckerberg has also been creation multibillion-dollar
acquisitions to variegate a company. Aside from WhatsApp, the
company in Jul finished a squeeze of Oculus VR Inc. for
about $2 billion. Oculus creates a virtual-reality headset that
Zuckerberg has pronounced will be a vital communication device after
mobile phones.

To hit a contributor on this story:
Aoife White in Brussels at
[email protected]

To hit a editors obliged for this story:
Anthony Aarons at
[email protected]
Peter Chapman, Robert Valpuesta

Article source: http://www.bloomberg.com/news/2014-10-03/facebook-wins-unconditional-eu-approval-to-buy-whatsapp.html

Scroll To Top