By John McCarthy

EU antitrust regulators have launched an investigation into Facebook’s proposed WhatsApp acquisition, asking communication rivals whether it would monopolise the market or drive up prices.

The $19bn acquisition of WhatsApp, which was announced in May, is Facebook’s most expensive deal to date. It will be probed by the EU Commission with the findings scheduled to be published 3 October this year.

In May, the social network approached the EU to look into anti-trust issues as WhatsApp’s free service could undermine existing European telecom providers.

Watchdogs have sent questionnaires to EU brands and telecom providers asking them what impact the deal could Read full story ›

Source: The Drum