© Reuters. FILE PHOTO: A smartphone with Meta logo and a 3D printed Facebook logo is placed on a laptop keyboard in this illustration taken October 28, 2021. REUTERS/Dado Ruvic/Illustration
BRUSSELS (Reuters) – Facebook (NASDAQ:) has offered remedies in a bid to secure EU antitrust approval for its acquisition of U.S. customer service startup Kustomer, a European Commission filing showed.
Facebook, now Meta Platforms, submitted its package on Wednesday.
The EU competition enforcer, which did not provide details of the remedies in line with its policy, extended its decision deadline to Jan. 28. It is expected to seek feedback from rivals and customers before deciding whether to accept the offer or demand more.
The Commission has previously said the deal may hurt competition and reinforce the U.S. social media company’s power in online advertising.
Facebook has won unconditional clearance from regulators in the UK and Australia for the deal.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.