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Giphy

UK regulator shows more assertive posture in blocking Facebook purchase of Giphy Giphy

UK regulator shows more assertive posture in blocking Facebook purchase of Giphy

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…
bubmag
December 23, 2021
Meta Platforms (FB) Stock Slides for Second Consecutive Day Following CMA Decision to Block Giphy Acquisition Giphy

Meta Platforms (FB) Stock Slides for Second Consecutive Day Following CMA Decision to Block Giphy Acquisition

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus…
bubmag
December 2, 2021
Facebook-owner Meta told to sell Giphy as British regulator blocks acquisition Giphy

Facebook-owner Meta told to sell Giphy as British regulator blocks acquisition

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.…
bubmag
November 30, 2021
The UK’s antitrust regulator is reportedly set to block Meta’s purchase of Giphy Giphy

The UK’s antitrust regulator is reportedly set to block Meta’s purchase of Giphy

The UK's Competition and Markets Authority (CMA) is expected to reverse Facebook parent company Meta's purchase of Giphy in the coming days, according to the Financial Times. If so, it would mark the first time that the country's competition regulator has unwound a major tech acquisition. Meta (or Facebook, at…
bubmag
November 29, 2021