Reuters reveals Facebook to win conditional EU nod for Kustomer buy - Reuters News Agency
Business & FinanceDealsTechnology

Reuters reveals Facebook to win conditional EU nod for Kustomer buy

Reuters exclusively reported that Facebook is set to gain EU antitrust approval for its acquisition of Kustomer – an acquisition that media have reported would be worth more than $1 billion. The approval comes after Facebook offered remedies that allow rival products to function with those of the U.S. customer service startup.

A buying spree of startups by big companies has triggered concerns on both sides of the Atlantic, with regulators worried about so-called killer acquisitions aimed at shutting down potential rivals before they are big enough to be a threat.

Article Tags
Topics of Interest: Business & FinanceDealsTechnology
Type: Reuters Best
Sectors: Business & FinanceEquitiesTechnology
Regions: Global
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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