Tue 29 June 2021:
EU antitrust regulators will decide by August 2 whether to clear Facebook’s acquisition of US customer service startup Kustomer, a filing on the European Commission website showed.
The world’s largest social network announced the deal in November to help it scale up its instant messaging app WhatsApp, which has reported a jump in usage during the COVID-19 pandemic.
The EU competition regulator wants to vet more tech, pharma and biotech startup deals for signs of so-called killer acquisitions where tech giants buy nascent rivals to close them down. Austria had asked the Commission to take over its review.
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