CCI reviewing Facebook buy in Jio Platforms

New Delhi: The Competition Commission of India (CCI) is reviewing Facebook’s acquisition of 9.99 per cent stake in Jio Platforms.

The CCI looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said, as per reports.

Gupta, however, did not comment further on the Facebook-Jio transaction pending examination.

CCI is also examining if new parameters should be included in its assessment criteria as currently some mergers and acquisitions escape the threshold for scrutiny even if potential harm is evident, Gupta added.

Peculiarities such as “strong network effects, high returns to scale and access to a huge amount of data” may incentivise digital firms to engage in anti-competitive conduct, Gupta said, without referring to any particular case, as per reports.