Confirming last week’s predictions, the European Commission, the central antirust authority of the European Union, approved Facebook’s $19 billion acquisition of cross-platform messaging application WhatsApp, which was originally announced in February.
The European Union will announce its unconditional regulatory approval of Facebook’s $19 billion deal to acquire cross-platform messaging application WhatsApp, two sources familiar with the matter told Reuters Thursday.
The European Commission, the antitrust authority of the European Union, will decide on Facebook’s proposed acquisition of cross-platform messaging service WhatsApp by Oct. 3, and the EC will do so armed with detailed information from questionnaires sent to companies including telecommunications operators, other social-networking sites and Internet-service providers, The Wall Street Journal reported.
Facebook announced in its Form 10-Q filing with the Securities and Exchange Commission last week that it was extending its deadline to close its acquisition of messaging service WhatsApp by one year, to Aug. 19, 2015.
The Securities and Exchange Commission notified Facebook in May that its inquiry into the company’s initial public offering was complete, and no enforcement action would be taken, the social network reported last week in its Form 10-Q filing with the SEC.
Facebook addressed duplicate and fake accounts, teen usage, and potential closing dates for its acquisitions of WhatsApp and Oculus VR in its Form 10-Q quarterly report to the Securities and Exchange Commission Friday.
Facebook provided an update on ongoing legal proceedings in the Form 10-Q it filed with the Securities and Exchange Commission Thursday, including the lawsuit filed against the company and Co-Founder and CEO Mark Zuckerberg by Paul Ceglia, and various actions related to its initial public offering.
Facebook may have reported 1.15 billion monthly active users in its second-quarter earnings report Wednesday, but as of Dec. 31, 2012, approximately 5 percent of those may have been duplicate accounts, while 1.3 percent may have been accounts that were improperly classified by users, and 0.9 percent may have been fake accounts, according to the Form 10-Q the company filed with the Securities and Exchange Commission Thursday.