EU Fines Facebook $122M Over Lies During WhatsApp Deal
Law360, New York (May 18, 2017, 3:41 PM EDT) -- The European Union's top antitrust enforcer slapped Facebook Inc. with a €110 million ($122.4 million) fine on Thursday for providing incorrect or misleading information during a 2014 European Commission investigation into Facebook's $22 billion acquisition of the messaging service WhatsApp.
In December, Facebook was formally accused by the commission of lying to regulators when it told them during a 2014 review of the merger that it would not be able to establish reliable automated matching between Facebook users' accounts and WhatsApp user accounts. In reality, that technical possibility already existed at the time, and Facebook staff was aware of it, Competition...
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