Facebook declared it would buy WhatsApp for $19 billion dollars in Feb, but the cope could not be completed until it got regulating acceptance. On Saturday, the Western Percentage declared an unconditional acceptance of the merging, making it the greatest buy in Facebook’s history.
After months of patiently waiting. Facebook accepts to buy the texting app WhatsApp, which will be Facebook’s greatest buy to date.
On Saturday, the Western Percentage at all accepted the buy. In addition, Facebook declared the suggested buy of WhatsApp for $19 billion dollars in Feb. WhatsApp is a budget texting app and has 600 thousand customers globally. Facebook has 1.3 billion dollars customers globally and 300 thousand of them use the Facebook Courier app. The commission was concerned that the two texting applications were close opponents. In addition, Their merging would damage opponents in the texting industry. They eventually discovered that there are enough cellular texting applications that the merging would not damage opponents.
“Consumer emails application keep Western people linked and are becoming well-known,” EU Competition Commissioner Joaquin Almunia had written in a declaration. “While Facebook Courier and WhatsApp are two of the most well-known applications, most people use more than one. We have carefully analyzed this suggested buy and come to the summary. It would not slow down opponents in this powerful and growing industry.”
“We are satisfied to have obtained approval from the Western Percentage and look forward to ending the buy,” a Facebook speaker said in an e-mailed declaration.
The Facebook-WhatsApp merging was seen as a test for how the Western Percentage would apply opponents law to the world of public social networking. Telecommunications providers, such as Deutsche Telekom, Lemon, and Telecommunications Croatia, were lobbying the commission to stop the cope amongst issues that it would give extreme business and too much control over users’ data. The telecom industry suggested that WhatsApp, Skype, and Blockbuster online all use telecom facilities. But aren’t subject to taxes or controlled like telecom companies.
To see if the Facebook-WhatsApp merging would damage opponents, the Western Percentage sent two surveys, one almost 70 many pages, to promote members to get a feeling for opponents in the marketplace. The commission discovered that the Facebook-WhatsApp merging would not considerably change the cellular texting industry.
“[E]ven in the event of an incorporation between them such that Facebook’s position in public social networking services could be increased, the net gain in terms of new members of the online community would be limited, since the users list of WhatsApp already overlaps to a significant level with that of Facebook or myspace,” the commission said in a declaration.
The Facebook-WhatsApp merging was accepted by US authorities in Apr.
WhatsApp isn’t Facebook’s most recent buy. Moreover, The organization has made a number of multi-billion products recently in an attempt to broaden the organization. In This summer, Facebook paid $2 billion dollars for Oculus VR, a organization that makes exclusive truth headphones. It considers exclusive truth will be a major interaction device in the future.