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


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/File Photo

LONDON (Reuters) -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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

TikTok artists and advertisers to stay with app until 'door slams shut'
TikTok to suspend TikTok Lite's reward programme amid EU concerns
ASML approves Christophe Fouquet as CEO at annual meeting
AT&T beats estimates for subscriber additions, free cash flow
Exclusive-Google rival Tuta complains to EU tech regulators about de-ranking
Microsoft's AI lead puts Amazon cloud dominance on watch
TE Connectivity beats quarterly profit estimates on sensor demand
UK watchdog seeks views on Microsoft's and Amazon's AI partnerships
Texas Instruments' upbeat Q2 forecast pushes chip stocks higher
Italy fines Amazon over ‘recurring’ purchase option

Others Also Read