UK regulators are taking a tougher stance on technology deals where giants swallow up smaller firms. CMA officials have voiced regret for waving through game-changing deals in the past, such as Facebook’s takeover of Instagram. — Reuters
Facebook Inc will face an in-depth UK review of its US$400mil (RM1.65bil) purchase of GIF search engine Giphy Inc after it skipped offering concessions to address antitrust concerns.
The Competition and Markets Authority said it will run a so-called second-phase investigation through to Sept 15, according to an emailed statement Thursday.
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