UK Watchdog Launches Probe Into Facebook's Acquisition of Kustomer
July 30 2021 - 6:33AM
Dow Jones News
By Jaime Llinares Taboada
The U.K. Competition and Markets Authority said Friday that it
has started a merger investigation into the acquisition by Facebook
Inc. of Kustomer Inc.
The competition watchdog said it is considering whether the
transaction will result in the creation of a relevant merger
situation and whether it is expected to result in a substantial
lessening of competition within the U.K. markets.
Facebook said in November that it would buy Kustomer, a startup
that specializes in customer-service platforms and chatbots. People
familiar with the matter said the deal would value Kustomer at a
little more than $1 billion, The Wall Street Journal reported.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 30, 2021 06:26 ET (10:26 GMT)
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