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As it stated in (STAN HONDA/AFP/Getty Images)Share this: EmailTwitterFacebookLinkedInRedditGoogleMorePinterestTumblrTags: EU, facebook, WhatsApp By Queenie Wong / May 18, 2017 at 10:12 AMFacebook was fined $122 million for giving European Union antitrust regulators misleading or incorrect information about its acquisition of messaging service WhatsApp in 2014. Photo: Logo of WhatsApp, the popular messaging service bought by Facebook, seen on a smartphone. The Menlo Park tech firm told the European Commission, the executive arm of the EU, in 2014 that it couldn't automatically match Facebook's users' accounts to WhatsApp users' accounts. Facebook purchased WhatsApp, which now has more than 1 billion users in over 180 countries, for $22 billion in 2014.
as declared in Facebook has been smacked with a €110 million fine by the antitrust wing of the European Commission for providing incorrect or misleading information about its acquisition of WhatsApp. "The commission has found that... the technical possibility of automatically matching Facebook and WhatsApp users' identities already existed in 2014, and that Facebook staff were aware of such a possibility," the commission said on Thursday. It added:the Commission considers that Facebook staff were aware of the user matching possibility and that Facebook was aware of the relevance of user matching for the commission's assessment, and of its obligations under the Merger Regulation. By that rationale, the €110m fine for two breaches under EU competition rules is small: it could have been as large as €480 million. Back in 2014, upon the pronouncement of their impending nuptials, WhatsApp promised that "nothing" would change for its hundreds of millions of users after being acquired by Facebook.
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![Mergers: Commission fines Facebook €110 million for providing misleading information about WhatsApp takeover]()
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As it stated in (STAN HONDA/AFP/Getty Images)Share this: EmailTwitterFacebookLinkedInRedditGoogleMorePinterestTumblrTags: EU, facebook, WhatsApp By Queenie Wong / May 18, 2017 at 10:12 AMFacebook was fined $122 million for giving European Union antitrust regulators misleading or incorrect information about its acquisition of messaging service WhatsApp in 2014. Photo: Logo of WhatsApp, the popular messaging service bought by Facebook, seen on a smartphone. The Menlo Park tech firm told the European Commission, the executive arm of the EU, in 2014 that it couldn't automatically match Facebook's users' accounts to WhatsApp users' accounts. Facebook purchased WhatsApp, which now has more than 1 billion users in over 180 countries, for $22 billion in 2014.
as declared in Facebook has been smacked with a €110 million fine by the antitrust wing of the European Commission for providing incorrect or misleading information about its acquisition of WhatsApp. "The commission has found that... the technical possibility of automatically matching Facebook and WhatsApp users' identities already existed in 2014, and that Facebook staff were aware of such a possibility," the commission said on Thursday. It added:the Commission considers that Facebook staff were aware of the user matching possibility and that Facebook was aware of the relevance of user matching for the commission's assessment, and of its obligations under the Merger Regulation. By that rationale, the €110m fine for two breaches under EU competition rules is small: it could have been as large as €480 million. Back in 2014, upon the pronouncement of their impending nuptials, WhatsApp promised that "nothing" would change for its hundreds of millions of users after being acquired by Facebook.
as declared in
Mergers: Commission fines Facebook €110 million for providing misleading information about WhatsApp takeover
The European Commission has fined Facebook €110 million for providing incorrect or misleading information during the Commission's 2014 investigation under the EU Merger Regulation of Facebook's acquisition of WhatsApp. Facebook committed two separate infringements by providing incorrect and misleading information in the merger notification form and in the reply to a Commission request for information. Today's decision has no impact on the Commission's October 2014 decision to authorise the transaction under the EU Merger Regulation. Indeed, the clearance decision was based on a number of elements going beyond automated user matching. The fineAccording to the Merger Regulation, the Commission can impose fines of up to 1% of the aggregated turnover of companies, which intentionally or negligently provide incorrect or misleading information to the Commission.to read more visit us Facebook
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