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Meta agrees to sell Giphy after British antitrust order
It was the first time the UK watchdog had sought to unwind a tech deal and marked a prelude to stepped-up scrutiny
19 October 2022, 03:36 IST
Meta agrees to sell Giphy after British antitrust order
19 October 2022, 03:36 IST
In Pics | Meta's most expensive acquisitions
The UK's Company and Market Authority (CMA) recommended that Meta's $400 million acquisition of Giphy be unwound because of worries about competition limits in the segment, in what can be considered as another step towards greater regulation of internet giants' business practises. While the online GIF catalog is one of the newest additions to Facebook's parent company's growing list of acquisitions, it is far from the most expensive. Here is a list of Meta's most valuable acquisitions.
06 December 2021, 09:23 IST
In Pics | Meta's most expensive acquisitions
06 December 2021, 09:23 IST
Facebook ordered to sell Giphy by British regulator
The regulator assessed that Facebook's acquisition of the animated graphics startup would hit competition and advertising
30 November 2021, 12:53 IST
Facebook ordered to sell Giphy by British regulator
30 November 2021, 12:53 IST
UK fines FB $70 mn for breaching order in Giphy deal
The CMA said Facebook had failed to provide full updates about its compliance with requirements to continue to compete with Giphy
20 October 2021, 10:16 IST
UK fines FB $70 mn for breaching order in Giphy deal
20 October 2021, 10:16 IST
Facebook buys Giphy to integrate with Instagram
16 May 2020, 01:53 IST
Facebook buys Giphy to integrate with Instagram
16 May 2020, 01:53 IST