Facebook Seeks To Preempt Troubling Country By Country EU Review Of WhatsApp Buy

Facebook's buy of WhatsApp places the world's largest social network closer to the heart of mobile communications.

Facebook Inc. (NASDAQ:FB) has asked the European Union to review its plan to buy Internet messaging service WhatsApp.

The Wall Street Journal said on Wednesday that instead of risking long-term delay to individual country review of the deal, that Facebook has asked the European Commission, the EU's executive arm, to review the deal.

The newspaper said that a European Commission spokesman declined to comment.

In February, Facebook said it would buy WhatsApp for about $16 billion in cash and stock. The deal is now valued at $19 billion.

WhatsApp has more than 450 million users per day with 70 percent of those users using the application on a daily basis. The WhatsApp team will remain in Mountain View, California.


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