The EU Commission fines an undertaking €110 million for providing misleading information to the Commission during its review of the acquisition (Facebook / WhatsApp)

On 18 May 2017, the European Commission imposed a record fine of €110 million on Facebook for providing incorrect/misleading information to the Commission during its review of Facebook's acquisition of WhatsApp under the EU merger regulation (EUMR). On the same day, the Commission issued a Statement of Objections to Altice alleging it had breached the EUMR's standstill obligation by exercising control over PT Portugal before receiving clearance for the transaction (i.e. gun-jumping). These developments show the Commission is cracking down on violations of the EUMR rules and will not hesitate to issue

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Authors

  • Herbert Smith Freehills (Brussels)
  • Herbert Smith Freehills (Paris)
  • Herbert Smith Freehills (London)

Quotation

Kyriakos Fountoukakos, Sergio Sorinas, André Pretorius, The EU Commission fines an undertaking €110 million for providing misleading information to the Commission during its review of the acquisition (Facebook / WhatsApp), 18 May 2017, e-Competitions Platforms, Art. N° 93778

Visites 41

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues