Tag Archives: Despite Threat Of American Telecoms Takeover

EU OKs Facebook/WhatsApp Deal, Despite Threat Of American Telecoms Takeover – 3 October 2014

RT logoThe European Commission has approved Facebook’s $19 billion purchase of the messaging service WhatsApp, despite fears the US giant social network will kill competition in the EU market.

The increasing influence of American competitors has been concerning Europe’s domestic telecom companies, which have taken a stand against the merger. European telecom operators lobbied against the idea and warned of the dangers of a behemoth creating an unfair advantage.

After its investigation the Commission found that Facebook and WhatsApp are “not close competitors” and therefore won’t eat up other telecoms’ business, the statement, released by the European Commission on Friday, said.

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