FILE Image: A Fb symbol is exhibited on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic
August 25, 2021
BRUSSELS (Reuters) – EU antitrust regulators will come to a decision on Jan. 7 irrespective of whether to obvious Facebook’s invest in of U.S. purchaser support startup Kustomer, a European Fee submitting confirmed on Wednesday, extending the deadline for a next time right after Facebook questioned for extra time.
The EU govt, which functions as the levels of competition enforcer for the 27-country bloc, is investigating the deal on concerns that it might hurt competitors and reinforce the U.S. social media company’s ability in on the web promoting.
That could ratchet up the tension on Facebook to present concessions to deal with EU competitiveness problems.
The British isles levels of competition watchdog is also investigating the acquisition though its German counterpart is checking to see if Facebook should really also seek out its approval.
(Reporting by Foo Yun Chee enhancing by Jason Neely)