Brussels:
EU antitrust regulators will determine by August 2 irrespective of whether to clear Facebook’s acquisition of US client service startup Kustomer, a filing on the European Commission internet site showed.
The world’s biggest social network announced the deal in November to assist it scale up its immediate messaging app WhatsApp, which has reported a jump in usage in the course of the COVID-19 pandemic.
The EU competitors regulator desires to vet more tech, pharma and biotech startup bargains for indicators of so-known as killer acquisitions exactly where tech giants invest in nascent rivals to close them down. Austria had asked the Commission to take more than its evaluation.
The Commission can clear the deal with or without having circumstances or it can open a 4-month investigation if it has severe issues.
(This story has not been edited by TheSpuzz employees and is auto-generated from a syndicated feed.)