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Facebook fined $122m for misleading EU over WhatsApp

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Luxembourg - Facebook was fined €110m ($122m) by the European Union for misleading regulators during a 2014 review of the WhatsApp messaging service takeover on the same day the EU threatened to heavily penalise Patrick Drahi’s Altice for implementing for a second time a deal before getting regulatory clearance.

The European Commission won’t overturn approval for the $22bn WhatsApp purchase as “the incorrect or misleading information provided by Facebook did not have an impact on the outcome of the clearance decision,” the regulator said on Thursday in an emailed statement.

The Facebook fine “sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to provide correct information,” EU Competition Commissioner Margrethe Vestager said. She added in a Bucharest speech that Facebook’s cooperation with EU officials earned it a lower fine.

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