Meta accepts UK order to sell Giphy after antitrust battle

Meta accepts UK order to sell Giphy after antitrust battle

Britain’s competition regulator ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after its view that the acquisition reduced innovation in the advertising market was upheld by a tribunal in the summer. Meta said it would accept the Competition and Markets Authority’s (CMA) order to unwind the 2020 deal. “We are disappointed by the […]

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UK tribunal quashes Meta-Giphy deal block, regulator to reconsider ruling

UK tribunal quashes Meta-Giphy deal block, regulator to reconsider ruling

The Competition Appeals Tribunal said it had quashed the CMA’s ruling and referred the matter back for a new decision The Competition Appeals Tribunal said it had quashed the CMA’s ruling and referred the matter back for a new decision Britain’s competition regulator said on Monday it would carry out another review of Facebook owner […]

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