EU extends deadline on Facebook's Kustomer deal to Jan. 7


FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic

BRUSSELS (Reuters) - EU antitrust regulators will decide on Jan. 7 whether to clear Facebook's purchase of U.S. customer service startup Kustomer, a European Commission filing showed on Wednesday, extending the deadline for a second time after Facebook asked for more time.

The EU executive, which acts as the competition enforcer for the 27-country bloc, is investigating the deal on concerns that it may hurt competition and reinforce the U.S. social media company's power in online advertising.

That could ratchet up the pressure on Facebook to offer concessions to address EU competition worries.

The UK competition watchdog is also investigating the acquisition while its German counterpart is checking to see if Facebook should also seek its approval.

(Reporting by Foo Yun Chee; editing by Jason Neely)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

   

Next In Tech News

Google pays fines to Russia over banned content
Tesla drives toward $1 trillion club on record Hertz order
Tesla submits partial response in U.S. auto safety probe -- memo
France moves to shield its book industry from Amazon
Latest Russian cyberattack targeting hundreds of U.S. networks -Microsoft
Facebook knew about, failed to police, abusive content globally - documents
Thailand to regulate digital platform service businesses
GM, Ford results likely to reflect chip shortage's varying impacts on sector
Facebook ad revenue seen feeling brunt of Apple privacy changes
Amid the US Capitol riot, Facebook faced its own insurrection

Others Also Read


Vouchers