Facebook apologizes to Merck KGaA after the German firm lost control of its Facebook page to...

|About: Merck & Co Inc. (MRK)|By:, SA News Editor

Facebook apologizes to Merck KGaA after the German firm lost control of its Facebook page to rival U.S.-based Merck (MRK +3.4%) in a high-profile case of potential cybersquatting. The social networking site blames an "administrative error" for the problem, and will keep the page unavailable until legal action pending in New York on the case is resolved.