Facebook had to pause its integration with Giphy in June after the CMA said it wanted to investigate whether the deal would give the social network too much information on its rivals’ operations. — AP
The UK’s merger watchdog warned Facebook Inc that it could go beyond forcing the tech giant to unwind its purchase of image-hosting platform Giphy Inc if the deal is deemed to be anti-competitive.
As the two clashed in court over the review of the US$400mil (RM1.65bil) deal, the Competition and Markets Authority said that some of Facebook’s assets or services might need to be divested “given that Giphy is no longer fully self-standing”. The regulator issued the warning at a London tribunal hearing where Facebook is arguing that the CMA’s restrictions on the tie-up were unreasonable and disproportionate.
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