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


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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

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!

Next In Tech News

Mythos AI alarm bells: Fair warning or marketing hype?
UK seeks jail terms for tech bosses over non-consensual sex images
Juries take the lead in the push for child online safety
Japan approves additional $4 billion for chipmaker Rapidus
Online, motherhood Is a test no one can pass
AI chatbots offer children harm as if it were help, says activist
OpenAI identifies security issue involving third-party tool, says user data was not accessed
Losing jobs and minds? AI effects will be far-reaching, analysts warn
US judge blocks Arizona criminal case against Kalshi at CFTC's request
How AI helped 1 man (and his brother) build a US$1.8 billion company

Others Also Read