Giphy

Facebook claimed in court today that Britain's Competition and Markets Authority (CMA) broke international law when it blocked the ad company's $400m buyout of Giphy. Facebook tried to acquire the animated images provider in May 2020 for $400m. The UK competition body, the CMA, stepped in last year to block…

Facebook's logo on a smartphone screen in Moscow, Russia, on Oct. 12, 2021. (Kirill Kudryavtsev/AFP via Getty Images) VIENNA—An antitrust court in Austria on Monday approved with conditions Facebook’s purchase of animated images platform Giphy, in a boost for the social media giant after a UK watchdog said the deal…

Image: Aytac Unal/Anadolu Agency via Getty Images The UK Competition and Markets Authority (CMA) has fined Meta, previously known as Facebook, over the company not cooperating in an investigation regarding its acquisition of Giphy. The $400 million Meta-Giphy deal has been under review by the competition watchdog since June 2020,…

LONDON: Britain's move to block Facebook-owner Meta Platform Inc's acquisition of Giphy signalled a new determination to scrutinise digital deals. Meta on Thursday appealed the ruling by the Competition and Markets Authority, which said the 2020 deal must be unwound and Giphy sold as a going concern. The November decision…

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meta trustbusting — Not so long ago, Meta’s big-money deal to acquire Giphy would have been waved through. Morgan Meaker, wired.com - Dec 4, 2021 1:19 pm UTC Daniel Grizelj | Getty Images Instagram? Sure! WhatsApp? Go nuts. But don’t mess with GIFs. That’s the strange position taken by Britain’s…

The UK’s antitrust regulator ruled on Nov. 30 that Meta Platforms, Facebook’s parent company, must sell Giphy, a GIF database and search engine it purchased for $315 million in 2020. The Competition and Markets Authority (CMA) said that the acquisition could harm British social media users and advertisers. The CMA…

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In a significant push against Big Tech’s ability to maintain market dominance through sheer buying power, the U.K.’s competition watchdog has ordered Facebook (now Meta) to reverse its acquisition of animated GIF platform Giphy — confirming the Financial Times‘ earlier reporting. The Competition and Markets Authority (CMA) said its phase…

LONDON — Meta, Facebook’s parent, has been told by the U.K.’s competition watchdog that it must sell GIF-sharing platform Giphy. The Competition and Markets Authority said Tuesday the deal could harm social media users and U.K. advertisers. Meta said that it disagrees with the decision and that it’s considering an appeal.…