Facebook's $19 billion deal to buy WhatsApp is approved by the EU

Facebook has received approval from the European Union for its $19 billion purchase of WhatsApp. The main concern over the deal in Europe was that the deal would harm communication in the telecom market. The European Commission said that the acquisition would not impede competition, according to Re/code:

"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 communications apps," European Competition Commissioner Joaquin Almunia said.

The purchase was previously given the go-ahead by the United States back in April. Facebook announced its intention to acquire WhatsApp back in February of this year.

Do you feel that the EU was right to approve the acquisiton? Sound off in the comments.

Source: Re/code

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.

  • I don't use Facebook or whatsapp, but my question is... Would the EU Commission have been wrong to deny the transaction? Is one of the companies EU based? Not trying to troll or be a jerk, but I just don't understand how the EU should have to say anything about 2 US based company's business. I know Facebook is US based, not sure about whatsapp. Sent from the iMore App
  • Good question. I was wondering that too. I remember that the EU also allowed the apple beats thing to go through. And those companies are both American. Sent from the iMore App
  • Because they do business in europe? In fact, the deal has to be approved in every country where they are active. And if you ask why the European commission is in charge; all countries in the EU let the European trade commission do all the work because it would be a Pita if every single county would have to approve a deal like this. It's easier for companies and countries.
  • The EU will approve this deal as (due to the size of the companies merging and the amount they operate in the EU) it could have an effect on their market. I imagine it happens the other way round too. Sent from the iMore App
  • Right.
  • 19 BILLION???? For a damn messaging app???? WTF over? That is just pure INSANE.
  • And this is why FB is overvalued. Their P/E ratio stinks. FB acquiring WhatsApp for $19B makes Apple's $3B for Beats look smart. FB's fragmenting of their apps makes things worse. And their internet-based advertising structure is really poor. I go to a website to look for something. I then go to FB, and whaddayaknow… suddenly there's an ad for the item I was looking for previously. Problem is, I already BOUGHT the item. So now on FB I have obnoxious ads for products I already bought BEFORE the ads showed up on FB. STUPID! *SMH*
  • +1 Sent from the iMore App
  • ok Great. How about if you fix both apps and make them compatible with iphone 6 and 6 +
  • Business of stranger friends will no longer exist in future. Fb friends won't be part of you in sorrow and happy moments. Spend time with your real friends. Sent from the iMore App
  • It would be great to connect facebook and what's app But would anything change within what's app itself? Please reply and exam what differences there would be Sent from the iMore App
  • Oops...meant EXPLAIN what would change in whatsapp Sent from the iMore App