Facebook-WhatsApp deal may face CCI scrutiny

Posted on Mar 9 2014 - 11:04pm by IBC News

New Delhi, Mar 9 Facebook’s USD 19 billion deal (Rs 1,16,000 crore) to acquire WhatsApp may face a detailed scrutiny by the country’s fair trade regulator CCI, especially since both players have significant presence in India.

The world’s largest social networking site Facebook has around 1.2 billion members globally while WhatsApp — a platform that allows exchange of messages and files through mobile phones free of cost — is estimated to have 450 million users worldwide.