Facebook was fined €110 million for misleading EU regulators over its WhatsApp deal
|05/18/2017||Posted by BusinessMediaguide.Com under General World News||
Facebook was fined €110 million (£100 million) by the European Commission for providing misleading information to antitrust regulators when seeking approval to buy WhatsApp in 2014.
Margrethe Vestager, the EU’s commissioner in charge of competition policy, said: “Today’s decision sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to provide correct information.”
“And it imposes a proportionate and deterrent fine on Facebook,” she said. “The Commission must be able to take decisions about mergers’ effects on competition in full knowledge of accurate facts.”
The Commission said Facebook claimed it would not be read more >>>