Europe's antitrust regulators have - as expected - given the green light for Facebook's $19 billion acquisition of messaging apps maker WhatsApp, sans conditions. The decision was communicated on Friday morning, with European Competition CommissionerJoaquin Almunia commenting:
"We have carefully reviewed this proposed acquisition and come to the conclusion that it would not hamper competition in this dynamic and growing market. Consumers will continue to have a wide choice of consumer communications apps." In a similar statement, the EU Commission said that it found that Facebook Messenger and WhatsApp are "not close competitors" and that consumers would "continue to have a wide choice of alternative consumer communications apps" after the transaction.
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