Meta is appealing a British regulator’s decision that would force it to sell off GIF library Giphy, the company said Thursday. The appeal marks a test of the U.K’s Competition and Markets Authority’s ...

The CMA ordered Meta to sell Giphy, which it acquired for a reported $400 million in May 2020, in November after it decided the remedies offered by the U.S. company did not answer its concerns.

Sources familiar with the matter told the FT that the UK Competition and Markets Authority is expected to reverse Meta's acquisition of Giphy in the coming days. The FT did not specify when the ...

LONDON (Reuters) - Facebook-owner Meta is appealing Britain's ruling that it must sell animated images platform Giphy, saying the evidence does not support the finding that the deal is a threat to its ...

By ordering Facebook to part with Giphy, a GIF creation platform it acquired in 2020 ... which targets a relatively small Meta property compared to a revenue engine like, say, WhatsApp. “The CMA’s ...

"Together, Meta and Giphy would enhance Giphy’s product for the millions of people, businesses, developers and API partners in the UK and around the world who use Giphy every day, providing more ...

It noted that UK users look for 1 billion GIFs a month on Giphy, and 73% of the time they spend on social media was on Meta's Facebook, Instagram and WhatsApp. Notably, the CMA was concerned about ...

LONDON, Jan 5 (Reuters) - Facebook-owner Meta (FB.O) has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the ...

Facebook-Owner Meta Sets Out Grounds for UK Appeal on Giphy LONDON (Reuters) -Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds ...

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 ...