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11 May

Facebook faces $1.8 million fine for buying firms without Israeli regulator nod

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US giant is 'monopolist' force in social media in Israel and thus required by law to report acquisitions to the Competition Authority; FB is 'fully cooperating' with inquiry

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Points: 7

Category: 
Israel & the Region
Israeli economy
multinationals in israel
Facebook
Israel Competition Authority
RedKix
Inc
Service Friend Ltd
mergers and acquisitions
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