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EU gives green light to Facebook takeover of WhatsApp

2014-10-03 14:58:00| Telecompaper Headlines

(Telecompaper) The European Commission has cleared Facebook's proposed USD 19 billion takeover of mobile messaging provider WhatsApp, confirming the deal would not hurt competition. "We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market," said outgoing EC competition commissioner Joaquin Almunia. The EC's statement explained that Facebook users must set up a profile and typically use the whole social networking site, whereas WhatsApp users only use the app on a mobile. In addition, consumers will continue to have a wide choice of consumer communications apps, said the EC, going to on to list alternatives such as Line, Viber, iMessage, Telegram, WeChat and Google Hangouts. US regulators gave the green light for the deal in April, telling WhatsApp to stick to its current privacy practices after the merger, including a commitment not to use personal data for targeted ads.

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Facebook's WhatsApp deal green light

2014-10-03 13:00:53| BBC News | Business | UK Edition

EU regulators have given the go-ahead for the social networking site Facebook to buy the mobile messenger service WhatsApp.

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Telecom Italia pushes for green light on Argentina stake sale

2014-09-06 16:57:11| Telecom - Topix.net

Telecom Italia, which agreed to sell its stake in Telecom Argentina to Fintech last year for $960 million , has already pushed back completion of the sale twice while awaiting regulatory approval. The deadline, originally set for early August, has now been delayed to Sept.

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