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EU regulators to decide on Facebook, WhatsApp deal by Oct. 3

01
Sep
2014

BRUSSELS (Reuters) – European Union antitrust regulators will decide by Oct. 3 whether to clear world No. 1 online social network Facebooks $19 billion offer for mobile messaging startup WhatsApp, the European Commission said on Monday. Facebook requested EU approval last week, the Commissions website showed. The EU competition watchdog can either clear the deal unconditionally, demand concessions or extend the preliminary review into a wider probe. Facebook expects to close the deal, its largest in its 10-year history, this year. U.S. …

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