Giphy

UK’s Competition and Markets Authority has ordered Meta to sell Giphy after determining the deal could remove a potential competitor. The parent company of Facebook has accepted the verdict and will work closely with the CMA to undo the 2020 acquisition. The Zuckerberg owned company has been facing allegations of…

Meta will accept a ruling by UK watchdog company ordering it to sell Giphy, the animated GIF library. What happened. Meta was originally ordered to sell Giphy last year but they appealed. Today, the UK’s Competition and Markets Authority (CMA) announced that Meta had failed on five of the six…

The UK’s antitrust authority finalized its decision to force Facebook parent company Meta to sell off Giphy, the GIF search engine and database it bought for $315 million in 2020. In a press release, the Competition and Markets Authority (CMA) said that Meta’s takeover of Giphy could decrease competitors’ access…

The ongoing question around Meta’s ownership of GIPHY (or not) has taken another turn, with the UK’s antitrust regulator once again being called up on to clarify its concerns around Meta’s purchase of the GIF platform, which may or may not result in GIPHY becoming a Meta company sometime soon.…

LONDON: Britain's competition regulator said on Monday (Jul 18) it would carry out another review of Facebook owner Meta's acquisition of Giphy after a tribunal quashed its original decision to block it. Britain's Competition and Markets Authority (CMA) last year ordered Meta to sell animated images platform Giphy, which it…

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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,…