Facebook offers remedies to address EU concerns about Kustomer deal
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BRUSSELS] Facebook has offered remedies in a bid to secure EU antitrust nod for its acquisition of US customer service startup Kustomer, a European Commission filing showed.
Facebook, now Meta Platforms, submitted its package on Wednesday (Nov 24).
The EU competition enforcer, which did not provide details of the remedies in line with its policy, extended its decision deadline to Jan 28. It is expected to seek feedback from rivals and customers before deciding whether to accept the offer or demand more.
The Commission has previously said the deal may hurt competition and reinforce the US social media company's power in online advertising.
Facebook has won unconditional clearance from regulators in the UK and Australia for the deal.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
