This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager.
Dismiss

Facebook a 'good fit' for WhatsApp but disagreements existed, founder tells US court

By Chris May and Khushita Vasant ( May 21, 2025, 01:52 GMT | Insight) -- Facebook offered a “good fit” for WhatsApp, and the mobile messaging app had no plans to pivot toward being a direct competitor prior to its 2014 acquisition, WhatsApp co-founder Brian Acton testified today. WhatsApp had “no ambition to build Facebook-like functionality,” was “cash flow positive,” and received a “fair valuation” of $14 billion when it was purchased by the tech giant, Acton said in a Washington, DC federal court.Facebook offered a “good fit” for WhatsApp, and the mobile messaging app had no plans to pivot toward being a direct competitor prior to its 2014 acquisition, WhatsApp co-founder Brian Acton testified today....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login