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Facebook fined $69.6 million in the UK for breaking rules related to its Giphy takeov
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Facebook fined $69.6 million in the UK for breaking rules related to its Giphy takeov
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21st October 2021, 07:21
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 148,726
 |  Facebook fined $69.6 million in the UK for breaking rules related to its Giphy takeov After Facebook acquired the popular GIF repository Giphy (reportedly for $400 million), the UK's Competition and Markets Authority (CMA) launched an investigation to determine if the merger would lessen competition. As part of that probe, it said Facebook couldn't continue with activities related to the merger (integrating products, merging teams and so on) without prior approval from the CMA. https://www.engadget.com/uk-fines-fa...7.html?src=rss |
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