Facebook Says Israel Authority’s Merger Claims Are Without Merit

Facebook says it wasn’t obligated to report the transactions in question and that the Israel Competition Authority’s claims are without merit or foundation.

• The company is cooperating fully with the inquiry, Facebook says in text message
• The authority said earlier that it’s considering fining Facebook 6 million shekels for concluding mergers in Israel without the regulator’s consent, in violation of the Economic Competition Law
• NOTE: Earlier, Israel Competition Authority May Fine Facebook Over Mergers

To contact the reporter on this story:
Alisa Odenheimer in Jerusalem at aodenheimer@bloomberg.net

To contact the editors responsible for this story:
Shaji Mathew at shajimathew@bloomberg.net

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