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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.
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