UK's CMA ordered to review Meta's forced Giphy sale

clock • 3 min read
Meta will be allowed to view and comment on an unredacted version of the regulator's initial report
Image:

Meta will be allowed to view and comment on an unredacted version of the regulator's initial report

The antitrust authority must reconsider its order for Meta to sell popular gif platform Giphy.

As reported by Bloomberg, the UK's Competition Appeal Tribunal (CAT) found issues with the Competition and Markets Authority's (CMA) investigation into the Meta-Giphy deal. As a result, the court h...

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
UK government taking fresh look at AI regulation

Artificial Intelligence

One year after vowing to follow 'light-touch' approach

clock 15 April 2024 • 2 min read
CMA raises red flag over competition concerns in AI foundation models

Artificial Intelligence

CEO expressed worries over Big Tech's capacity and motivation to skew Foundation Model markets

clock 15 April 2024 • 3 min read

More on Mergers and Acquisitions

Government approves takeover of Newport Wafer Fab

Government approves takeover of Newport Wafer Fab

Previous owner forced to sell stake over links to China

clock 04 March 2024 • 2 min read
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