Facebook offers remedies to address EU concerns about Kustomer deal – Reuters

0 Comments

A smartphone with Meta logo and a 3D printed Facebook logo is placed on a laptop keyboard in this illustration taken October 28, 2021. REUTERS/Dado Ruvic/Illustration
BRUSSELS, Nov 26 (Reuters) – Facebook (FB.O) has offered remedies in a bid to secure EU antitrust approval for its acquisition of U.S. customer service startup Kustomer, a European Commission filing showed.
Facebook, now Meta Platforms, submitted its package on Wednesday.
The EU competition enforcer, which did not provide details of the remedies in line with its policy, extended its decision deadline to Jan. 28. It is expected to seek feedback from rivals and customers before deciding whether to accept the offer or demand more.
The Commission has previously said the deal may hurt competition and reinforce the U.S. social media company's power in online advertising.
Facebook has won unconditional clearance from regulators in the UK and Australia for the deal.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile.
Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved

source

Laisser un commentaire

Votre adresse e-mail ne sera pas publiée. Les champs obligatoires sont indiqués avec *