Facebook questions British watchdog's authority to order Giphy sale


FILE PHOTO: People are silhouetted as they pose with laptops in front of a screen projected with a Facebook logo, in this picture illustration taken in Zenica October 29, 2014. REUTERS/Dado Ruvic

(Reuters) - Facebook has made a case for not selling Giphy in a strongly worded response to Britain's competition regulator, and the tech firm questioned the watchdog's call for divesting the GIF website over access and anti-competitive concerns.

Facebook argued that "the inability of the CMA (Competition and Markets Authority) to issue any order against Giphy raises serious questions as to the enforceability of any divestment order and whether any such order could be effective," in a letter published by the CMA on Wednesday.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read