The Facebook fine “sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to provide correct information,” EU Competition Commissioner Margrethe Vestager said. She added in a Bucharest speech that Facebook’s cooperation with EU officials earned it a lower fine.
Paris/Brussels/Luxembourg: Facebook Inc. was fined €110 million ($122 million) by the European Union for misleading regulators during a 2014 review of the WhatsApp messaging service takeover on the same day the EU threatened to heavily penalize Patrick Drahi’s Altice NV for implementing for a second time a deal before getting regulatory clearance.
Facebook Inc. may be fined as soon as Thursday by the European Union for misleading regulators during a 2014 review of the WhatsApp messaging service takeover, a person familiar with the situation said. The European Commission won’t overturn approval for the $22 billion purchase, according to the person, who asked not to be identified because the penalty hasn’t been publicly announced.