EU regulators to approve Facebook's $19 bn bid for WhatsApp

The landmark deal, the largest in Facebook`s 10-year history, will give the company a strong foothold in the fast-growing mobile messaging market and pit it against telecoms companies.

Brussels: European Union antitrust regulators will unconditionally approve a $19 billion offer by Facebook , the world`s most popular social network, for mobile messaging startup WhatsApp, two people familiar with the matter said on Thursday.

The landmark deal, the largest in Facebook`s 10-year history, will give the company a strong foothold in the fast-growing mobile messaging market and pit it against telecoms companies.

"It`s unconditional clearance," one of the people said, declining to be named because the decision by the European Commission is not yet public.

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