Facebook (FB) - Get Report could get slapped with a fine from the European Union in relation to its acquisition of WhatsApp as soon as Thursday. The social media giant is accused of giving false or misleading information to EU antitrust investigators looking into the 2014 purchase of WhatsApp, sources told the Wall Street Journal.
The EU fine is expected to be "significant," the sources said, in order to make an example out of Facebook and deter other companies from similar behavior.
The fine could end up being 1% of Facebook's worldwide revenue, which works out to be about $276 million based on Facebook's 2016 revenue, the Journal noted. The EU opened its investigation into the deal in December, and any decision by the EU would not reverse the merger.
Over on Real Money Jim Cramer give advice to investors looking at how to play the Trump Trade. Get his insights or analysis with a free trial subscription to Real Money.