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Facebook faces $1 8 million fine for buying firms without Israeli regulator nod

Shoshanna Solomon is The Times of Israel s Startups and Business reporter Facebook CEO Mark Zuckerberg testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, October 23, 2019. (AP Photo/Andrew Harnik) Israel’s Competition Authority said on Tuesday it is mulling imposing a fine of some NIS 6 million ($1.8 million) on US social media giant Facebook and its Israeli arm for snapping up two Israeli companies without the consent of the authority. The fine is subject to a hearing and Facebook has the right to submit its comments to the authority’s director general Michal Halperin within 60 days, the authority said in a statement.

Facebook risque 1,8 M de $ d amende pour acquisition non autorisée en Israël

Facebook risque 1,8 M de $ d amende pour acquisition non autorisée en Israël
timesofisrael.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofisrael.com Daily Mail and Mail on Sunday newspapers.

Israel will use e-bracelets to track arrivals Here are the problems with it

Israel will use e-bracelets to track arrivals Here are the problems with it
haaretz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from haaretz.com Daily Mail and Mail on Sunday newspapers.

Chevron allows Tamar partners to sell gas separately

Chevron allows Tamar partners to sell gas separately The new agreement announced by the Israel Competition Authority will save Israel Electric Corp. NIS 100 million. The dispute between the partners holding rights to the Tamar and Leviathan offshore gas fields, which has been continuing over the past year, has finally been resolved, resulting in estimated savings of NIS 100 million for the Israel Electric Corporation (IEC) (TASE: ELEC.B22). From now on the Tamar Partners Isramco, Tamar Petroleum, Dor Gas and Everest Infrastructures, who hold 53% of the rights to the Tamar field will be abler to sell gas more cheaply to the IEC.

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