---------- Forwarded message ---------
From: Richard Hill via InternetPolicy <internetpolicy@elists.isoc.org>
Date: Thu, 2 Dec 2021, 4:52 pm
Subject: [Internet Policy] UK competition regulator orders Facebook to sell Giphy
To: ISOC Internet Policy <internetpolicy@elists.isoc.org>

The UK’s Competition and Markets Authority (CMA) has asked Meta (formerly Facebook) to sell the GIF database and search engine Giphy, a company that Meta acquired about a year and a half ago. The competition regulator decided that Facebook’s acquisition of Giphy will “reduce competition” between social media platforms and “that the deal has already removed Giphy as a potential challenger in the display advertising market.”

See:

https://www.techcircle.in/2021/12/01/uk-competition-regulator-orders-meta-to-sell-giphy-says-acquisition-anti-competitive

Best,

Richard

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