Tag: Giphy acquisition

Meta accepts UK order to sell Giphy after antitrust battle

Meta accepts UK order to sell Giphy after antitrust battle

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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 backs most of ruling against Meta’s Giphy deal

UK tribunal backs most of ruling against Meta’s Giphy deal

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Britain’s Competition and Markets Authority last year ordered Meta to sell Giphy Britain’s Competition and Markets Authority last year ordered Meta to sell Giphy Meta Platforms won an appeal against Britain blocking its acquisition of Giphy on a single procedural ground, but the country’s Competition Appeal Tribunal (CAT) endorsed the regulator’s finding that the deal […]

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