FILE PHOTO: Facebook logo is reflected in a drop on a syringe needle in this illustration photo taken March 16, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
August 9, 2021
BRUSSELS (Reuters) – EU antitrust regulators have extended the deadline for a decision on Facebook’s acquisition of U.S. customer service startup Kustomer by a week to Dec. 15, a European Commission filing showed on Monday.
The EU executive, which acts as the competition enforcer for the 27-country bloc, opened a full-scale investigation into the deal earlier this month, saying that it may hurt competition and reinforce Facebook’s power in online advertising.
Facebook has said it would cooperate fully with the Commission’s review.
The Commission said it had extended the deadline after Facebook asked for more time. Such extensions are common during the summer holiday season when it is more difficult to find customers and rivals able to respond to queries about the market.
The UK competition agency is also investigating the deal while its German counterpart is now checking to see if Facebook should also seek its approval.
(Reporting by Foo Yun Chee. Editing by Jane Merriman)
Source: One America News Network
