European Union has approved Facebook WhatsApp $19 billion takeover deal, the deal which is the biggest in the history of Facebook.
Meanwhile, Federal Trade Commission (FTC) has approved th ecompany in April, the approval in Europe means the deal should finally wrap up soon.
“Consumer communications apps keep European citizens connected and are becoming increasingly popular,” European Competition Commissioner Joaquin Almunia said in a statement. “While Facebook Messenger and WhatsApp are two of the most popular apps, most people use more than one communications app. 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
“Users seem to use the two apps in different ways and many of them use the two apps simultaneously on the same mobile handset,” the EC said. “Furthermore, this is a very dynamic market with several competing apps available on the market, such as Line, Viber, iMessage, Telegram, WeChat, and Google Hangouts, he added.
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