BRUSSELS (AFP) – The European Union (EU) has charged Facebook on Tuesday with providing “misleading” information when it sought approval for its blockbuster $19-billon buyout of the WhatsApp mobile messaging service.
“The European Commission has sent a Statement of Objections to Facebook alleging the company provided incorrect or misleading information during the Commission s 2014 investigation” of the buyout, the EU s executive arm said in a statement.
According to the charges, Facebook will be fined around one percent of its turnover.
The commission said the EU s greenlight of the buyout, announced in October 2014, was not put back into question.
The social media giant has to respond to the accusation by January 31 after which fines will be imposed on it by EU.