EU conditionally approves Meta, Kustomer deal - Breaking The News
Download our appPlay StoreApp Store

EU conditionally approves Meta, Kustomer deal

EPA-EFE/SASCHA STEINBACH

The European Commission granted on Thursday conditional approval for the acquisition of Kustomer by Meta Platforms Inc. The Commission investigated the deal due to concerns it could harm competition in the market for the supply of customer relationship management software. The probe focused on Meta's ability to "deny or degrade access to the application programming interfaces (APIs) for Meta's messaging channels" for Kustomer's rivals, as well as the data Meta would obtain from Kustomer's customers.

In response, Meta offered a 10-year commitment to guarantee non-discriminatory access, without charge to its publicly available APIs. "Our decision today will ensure that innovative rivals and new entrants in the customer relationship management software market can effectively compete. The commitments offered by Meta ensure that its rivals will continue to have free and comparable access to Meta's important messaging channels," said Commission Executive Vice-President Margrethe Vestager, responsible for competition policy.

Related Stocks
Meta Platforms
Related News
Apple appeals ruling on App Store antitrust breach
Apple Inc. filed an appeal on Monday against a United States federal judge's decision that found it in contempt of a previous court order meant to loosen its control over the App Store. The iPhone maker asked the 9th United States Circuit Court of Appeals in San Francisco to review the April 30 ruling, which accused it of defying a 2021 injunction from an antitrust case initiated by Epic Games the year prior.US District Judge Yvonne Gonzalez Rogers ruled that...
3G Capital to take Skechers private for $9.4B
Private equity firm 3G Capital has reached an agreement to purchase shoe manufacturer Skechers USA Inc. in a deal valued at $9.4 billion, the companies announced on Monday. Under the terms, 3G Capital will acquire Skechers shares at $63 each in cash, a 30% premium from the company's present market value. Following the acquisition's completion, Skechers will transition to private ownership. The deal is scheduled to conclude in Q3 2025. Funding will come...
Over 2,000 Meta moderators in Spain face layoffs
The Workers Commissions in Spain (CCOO) reported on Monday that over 2,000 jobs will be cut in Barcelona after Telus International lost its contract with Meta. The Canadian company, responsible for moderating content on Facebook and Instagram, formally presented today a dismissal plan affecting 2,059 workers.Telus International, a subsidiary of Canadian telecom group Telus, has operated in Spain since 2018 under the name CCC Barcelona Digital...
Ackman's Pershing Square to invest $900M in Howard Hughes
Howard Hughes Holdings (HHH) Inc. announced on Monday that Pershing Square Capital Management will invest $900 million the company, acquiring nine million newly issued shares at $100 each. That price marks a 48% premium to HHH's last close of $66.54.According to the release, Bill Ackman has been appointed as the Executive Chairman of the HHH Board of Directors. Ryan Israel, Chief Investment Officer of Pershing Square, will take on a new senior...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.