Last updated: December 20, 2016
1 minutes read
Has six weeks to come up with answers or be fined
The European Commission has accused Facebook of misleading information involving the WhatsApp acquisition.
Extending WhatsApp's drawbacks in Europe even further, the European Commission has issued a formal objection to "incorrect or misleading" information Facebook offered during the agency's 2014 investigation into merger of the two entities. While these proceedings will not impact the European Commission's original approval of the arrangement, Facebook, which has until January 31, 2017 to respond, faces a fine of up to 1% of its turnover should the regulator's concerns be confirmed.