Tech

UK orders Facebook to sell Giphy, rejects Meta’s proposed merger conditions

Enlarge (credit: Getty Images | Anadolu Agency ) The UK’s Competition and Markets Authority (CMA) today ordered Facebook owner Meta to sell Giphy, saying the merger “would reduce competition between social media platforms and that the deal has already removed Giphy as a potential challenger in the display advertising market. ” Facebook bought Giphy in […]

Tech

Facebook may be forced to sell Giphy one year after buying it

Enlarge / The CMA said Facebook could deny other platforms access to GIFs because of the tie-up. (credit: Anadolu Agency | Getty Images) The UK competition regulator has called for Facebook to sell online image platform Giphy, which it bought for $400 million last year, after provisionally finding competition concerns following an in-depth investigation. The […]