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Friday, October 3, 2014

Technology Article on 10/3

European regulators approve Facebook’s $19 billion deal for WhatsApp

European regulators approve Facebook’s $19 billion deal for WhatsApp
  • After many months, European Union antitrust regulators on Friday (today) approved Facebook’s $19 billion acquisition of WhatsApp.
  • The outcome was no shock
  • Seven months prior Facebook shocked Silicon Valley by agreeing to pay a mass amount of money for the app with millions of uses
    -They're predicted to get back very little in revenue
  • One month after the U.S. Federal Trade Commission approved  
WhatsApp is associated with phone number while Facebook is an overall social network

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