The United Kingdom’s antitrust watchdog ordered Facebook on Tuesday to sell Giphy, the GIF-sharing platform, because it says the combination would diminish competition in the advertising market.
Facebook, which has reorganized as Meta, moved to acquire Giphy for an estimated $400 million last year. Giphy produces animated images available to ...
from The Washington Times stories: Business & Economy https://ift.tt/3IivjAH
U.K. antitrust watchdog orders Facebook to sell Giphy
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November 30, 2021
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