Home / English / Facebook Told to Sell Giphy by U.K. Regulator

Facebook Told to Sell Giphy by U.K. Regulator

 U.K.’s Competition and Markets Authority says the acquisition could limit competition.

Facebook and Big Tobacco: Why Social Media Is (and Isn’t) Like Cigarettes
Members of Congress have likened Facebook and Instagram’s tactics to that of the tobacco industry. WSJ’s Joanna Stern reviews the hearings of both to explore what cigarette regulation can tell us about what may be coming for Big Tech. Photo illustration: Adele Morgan.
The U.K.’s top competition regulator directed Meta Platforms Inc., formerly Facebook , to sell social-media animated-images company Giphy, saying its acquisition could limit competition among platforms and U.K. advertisers.

Facebook bought Giphy in May 2020 for $315 million, according to documents published as part of a review of the deal by the Competition and Markets Authority that has been under way since last year. The regulator said Tuesday that the deal, among other things, had removed Giphy as a potential challenger in the display-advertising market, in line with its provisional findings issued in August.

Check Also

ALL WITH EYES FROM HUMAN RIGHTS

On Thursday, a photography exhibition entitled "All Eyes on Human Rights" was organized at the …

Leave a Reply

Your email address will not be published. Required fields are marked *

fourteen − 13 =