Facebook-owner Meta sets out grounds for UK appeal on Giphy


FILE PHOTO A 3D printed Facebooks new rebrand logo Meta is seen in this illustration taken on November 2 2021. REUTERSDado RuvicIllustration

FILE PHOTO: A 3D printed Facebook's new rebrand logo Meta is seen in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration

LONDON (Reuters) -Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor in display advertising.

Meta said last month it had lodged an appeal against the decision by the Competition and Markets Authority (CMA) to block its 2020 acquisition of Giphy.

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