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 […] The post Reuters reveals Facebook to win conditional EU nod for Kustomer buy appeared first on Reuters News Agency.

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.

The post Reuters reveals Facebook to win conditional EU nod for Kustomer buy appeared first on Reuters News Agency.