Facebook offers remedies to address EU concerns about Kustomer deal


FILE PHOTO: 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 (Reuters) - Facebook 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.

(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)

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

Opinion: Why are my grandkids so fascinated with toy influencers?
Is the allure of cryptocurrency fading?
Two women in the US believe Apple AirTag was used to stalk them after leaving restaurant
Why Microsoft spends US$69bil for video games
Wordle up: Online word game is viral brain teaser
Boulben withdraws from race for Orange CEO post, le Figaro reports
Bitcoin falls 5.6% to $34,448
Car-buyer backlash looms as automakers pursue software riches
'Mario Party Superstars': A family-friendly nostalgia trip
Bitcoin mining’s hearing in US house questions power usage

Others Also Read


Vouchers