Facebook-owner Meta says it will pay new $2 million UK fine


FILE PHOTO: The logo of Facebook parent Meta is beneath a 3D-printed logo of Facebook on a laptop keyboard in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) -Britain's competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept.

Britain's Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years, investigating their dominance of markets such as digital advertising and seeking to block the Facebook-Giphy deal.

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