05 October 2014

The $19 billion deal of Facbook To Buy WhatsApp Has Been Approved...


The European Union Has approved Facebook $19 billion purchase of WhatsApp. The main Concern over the deal in Europe was that the deal would harm communication in telecom market. The European commission said that the acquisition would not impede competition.
They SAID...
                   
                     "We have carefully reviewed the proposed acquisition  and
                      come to the conclusion that it would not hamper competition
                      in this dynamic and growing market. Consumers will continue
                      to have a wide choice of consumer communications apps,"
                      European Competition Joaquin Almunia said.

The purchase was previously given a go ahead by the United States back in April.

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