EU fines Facebook 110 mn euros over 'misleading' info in WhatsApp takeover

THURSDAY, May 18, 2017

BRUSSELS - The European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp.

"Today's decision sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to provide correct information," EU Competition Commissioner Margrethe Vestager said in a statement.