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

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Auteurs

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

Citation

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 mai 2017, e-Competitions May 2017, Art. N° 93778

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