Reginal Thomas
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Facebook Wins E.U. Approval of WhatsApp Deal

Facebook won approval from the European Union for its proposed $19 billion acquisition of mobile message start-up WhatsApp. This is the biggest deal in Facebook's history. European Competition Commissioner Joaquin Almunia said, "We have carefully reviewed this proposed acquisiton and come to the conclusion that it would not hamper competition in this dynamic and growing market. Consumers will continue to have a wide choice of consumer communications apps."