CMA could force Facebook to get rid of Giphy

Tom Allen
clock • 3 min read
CMA could force Facebook to get rid of Giphy
Image:

CMA could force Facebook to get rid of Giphy

The regulator is reviewing last year's acquisition and could force Facebook to unwind the $400 million deal

The UK's Competition and Markets Authority is firing another salvo in the ongoing case of regulators versus big tech, announcing its desire for Facebook to divest itself of popular GIF platform, Gi...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Tech giants refuse to engage with UK's military secrets board

Government

They 'won't have anything to do with us', says former diplomat

clock 29 February 2024 • 2 min read
Critics furious about Microsoft-Mistral AI partnership

Legislation and Regulation

Flies in the face of the AI Act

clock 28 February 2024 • 2 min read
Avast faces fine for tracking and selling user data

Privacy

Claimed to protect data, but collected and sold it instead

clock 25 February 2024 • 2 min read

More on Mergers and Acquisitions

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

Cisco-Splunk deal: Europe sets March deadline for antitrust decision

The regulator is currently scrutinising whether the acquisition might negatively impact competition

clock 12 February 2024 • 3 min read
HPE to buy Juniper Networks for $14bn

HPE to buy Juniper Networks for $14bn

Juniper's stock jumped 22% on the news

Gina Narcisi
clock 09 January 2024 • 2 min read
SonicWall snaps up zero-trust firm Banyan

SonicWall snaps up zero-trust firm Banyan

Second acquisition for SonicWall in two months

Kyle Alspach
clock 03 January 2024 • 1 min read