- Facebook Inc’s (NASDAQ:FB) acquisition of U.S. customer service startup, Kustomer, is likely to attract the EU antitrust probe after its initial review ends in Aug, Reuters reported.
- It expects the acquisition to boost WhatsApp, which noted a pandemic-induced demand surge.
- Facebook expects to gain a better product to sell businesses alongside their other services and tap the budding customer service industry leading to a newer revenue stream, TechCrunch reported.
- It becomes very vital considering the growing competition from TikTok and Snap Inc’s (NYSE:SNAP) Snapchat.
- Reuters had previously reported about possible scrutiny as the global regulators tighten rules over the Big Tech acquisitions to protect the smaller players.
- Price action: FB shares traded higher by 6.21% at $372.99 on the last check Friday.
P&F Industries Acquires Business Of Jackson Gear Company
P&F Industries, Inc. (NASDAQ:PFIN) subsidiary Hy-Tech Machine, Inc., has acquired substantially all the non-real estate assets comprising the business of Jackson…
