Showing posts with label acquisition. Show all posts
Showing posts with label acquisition. Show all posts

Thursday, 25 September 2014

Facebook to win EU approval for $19 billion WhatsApp bid: sources

Facebook (FB.O), the world's leading social network, will win unconditional EU approval for its $19 billion offer for mobile messaging startup WhatsApp in a deal pitting it against telecoms operators, two people familiar with the matter said on Thursday.
The landmark acquisition, the largest in Facebook's 10-year history, will give the company a firm foothold in the fast-growing mobile messaging market.
A plan by WhatsApp to add free voice-call services for its 450 million customers later this year, however, makes it a potentially powerful competitor to companies such as Deutsche Telekom (DTEGn.DE), Telecom Italia (TLIT.MI) and Telefonica (TEF.MC).
Analysts said the move is likely to hit