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Facebook-Cielo agreement for WhatsApp digital payments suspended for failure to notify, 'apparent' competition risk, CADE head says

By Ana Paula Candil and Flavia Fortes
  • 26 Jun 2020 14:54
  • 26 Jun 2020 15:36
Facebook's agreement with Cielo for WhatsApp digital payments in Brazil has been suspended by the national competition authority not only because it's being implemented before it was notified to the agency, but also because it involves two dominant companies with an “apparent” exclusive relationship between them that can raise anticompetitive concerns, agency

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Ana Paula Candil

Senior Correspondent, Latin America

Ana Paula joined MLex in Brazil in 2014 writing about antitrust investigations and merger reviews. Prior to that, she worked for several trade publications and in TV. She lived in Washington DC, where she worked for Al Jazeera English in 2010. She studied journalism and holds a postgraduate diploma in International Business Management from the George Brown College in Toronto and a Master of Business Administration diploma in government relations from Fundação Getúlio Vargas (FGV).

Flavia Fortes

Global Head of Mergers

Flavia writes about merger control, antitrust enforcement and litigation in the U.S. and Brazil. Before joining MLex, Flavia worked as an Antitrust Consultant in the Federal Trade Commission's Office of International Affairs and as a Research Fellow for the American Antitrust Institute. She has written on the intersection of antitrust law and intellectual property law in technology-driven and innovative markets.

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