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EU fines Facebook over misleading information

AP  |  Brussels 

The European Union's competition watchdog has fined 110 million euros (USD 122 million) for providing misleading information over its buyout of mobile messaging service WhatsApp.

The European Commission said Thursday that when informed the Commission of the 2014 buyout it said it would be unable to "establish reliable automated matching" between and WhatsApp user accounts.

But the Commission says that in 2016 WhatsApp offered updates including the possibility of linking user phone numbers with Facebook user IDs.

Competition Commissioner Margrethe Vestager said the fine is proportionate and serves as a deterrent.

She said "the Commission must be able to take decisions about mergers' effects on competition in full knowledge of accurate facts.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, May 18 2017. 14:22 IST