Tag : Margethe Vestager
title : Facebook May Pay A Hefty Fine For Allegedly Breaching EU's Merger-Procedure Rules
summary : Facebook is currently on the European Union’s bad side. The European Commission just accused the tech company of breaching EU’s merger procedure rules. Apparently, Facebook might have given “incorrect or misleading information” when its acquisition of WhatsApp was being investigated back in 2014. If found out to be true, the company has to pay up to one percent of its worldwide revenue.
date : Dec 21, 2016 10:23 AM EST