Facebook Faces €200m Fine over Whatsapp Buyout - EazyFeeds

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Wednesday, 21 December 2016

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Facebook Faces €200m Fine over Whatsapp Buyout

The European Union charged Facebook on Tuesday with providing “misleading” information when it sought approval for its blockbuster $22bn buyout of the WhatsApp mobile messaging service.
The European Commission said the EU’s greenlight 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.
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