UK Markets closed
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • FTSE 250

    23,784.54
    +173.15 (+0.73%)
     
  • AIM

    1,268.13
    +8.00 (+0.63%)
     
  • GBP/EUR

    1.1642
    -0.0005 (-0.04%)
     
  • GBP/USD

    1.3619
    -0.0045 (-0.3282%)
     
  • BTC-GBP

    30,682.34
    -1,456.03 (-4.53%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • S&P 500

    4,395.64
    +41.45 (+0.95%)
     
  • DOW

    34,258.32
    +338.48 (+1.00%)
     
  • CRUDE OIL

    70.51
    -0.05 (-0.07%)
     
  • GOLD FUTURES

    1,768.40
    -9.80 (-0.55%)
     
  • NIKKEI 225

    29,639.40
    -200.31 (-0.67%)
     
  • HANG SENG

    24,221.54
    +122.40 (+0.51%)
     
  • DAX

    15,506.74
    +158.21 (+1.03%)
     
  • CAC 40

    6,637.00
    +84.27 (+1.29%)
     

EU extends deadline on Facebook's Kustomer deal to Jan. 7

  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

BRUSSELS (Reuters) - EU antitrust regulators will decide on Jan. 7 whether to clear Facebook's purchase of U.S. customer service startup Kustomer, a European Commission filing showed on Wednesday, extending the deadline for a second time after Facebook asked for more time.

The EU executive, which acts as the competition enforcer for the 27-country bloc, is investigating the deal on concerns that it may hurt competition and reinforce the U.S. social media company's power in online advertising.

That could ratchet up the pressure on Facebook to offer concessions to address EU competition worries.

The UK competition watchdog is also investigating the acquisition while its German counterpart is checking to see if Facebook should also seek its approval.

(Reporting by Foo Yun Chee; editing by Jason Neely)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting