Reuters reveals Facebook to win conditional EU nod for Kustomer buy

Business & FinanceDealsTechnology

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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