Fb completes its expensive Whatsapp acquisition

Facebook completes its pricey Whatsapp acquisition

Nicely, that was fast: it is solely been three days since Fb cleared the final, decidedly European hurdle to closing its $19 billion Whatsapp acquisition (which is now value nearer to $22 billion because of FB’s surging inventory worth), and it is already made issues official with the SEC. Regulators in america and Europe have been involved concerning the results the deal would have on competitors within the tough-and-tumble messaging realm (although Google is seemingly gearing as much as give the mix social big a run for its cash), however the different main concern was ensuring consumer knowledge stays personal. Jessica Wealthy, director of the FTC’s Bureau of Shopper Safety, put it bluntly again in April (PDF warning): to listen to her inform it, “WhatsApp has made quite a lot of guarantees concerning the restricted nature of the info it collects, maintains, and shares with third events – guarantees that exceed the protections presently promised to Fb customers.” Fb apparently managed to ease these fears, however with the deal now closed it is time to see what the parents at 1 Hacker Means truly do with Whatsapp. Our guess? Nothing too nice.

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