Meta to sell Giphy to comply with UK ruling

clock • 2 min read
Meta to sell Giphy to comply with UK ruling
Image:

Meta to sell Giphy to comply with UK ruling

The divestment would include all of Giphy's overseas operations

Meta, the parent company of Facebook and Instagram, said on Tuesday that it would comply with the latest ruling by the UK's Competition and Markets Authority (CMA) to divest itself of animated imag...

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
Lock-in secrets of the hyperscalers, according to Civo

Cloud Computing

All cloud providers are not equal when it comes to winning contracts, according to Mark Boost, CEO of UK cloud provider Civo.

clock 16 February 2024 • 3 min read
WhatsApp to support cross-platform messaging

Social Networking

Impending EU regulations are driving WhatsApp towards interoperability

clock 09 February 2024 • 2 min read
Tech giants make big revenue waves: Meta and Amazon reach new highs while Apple faces setback

Finance and Reporting

Meta's market capitalisation skyrocketed to $1.16 trillion

clock 05 February 2024 • 3 min read
Most read
01

Cabinet Office terminates £9m Microsoft deal

16 February 2024 • 2 min read
02

Microsoft announces critical zero-day Exchange bug

16 February 2024 • 1 min read
05

Cisco cuts more than 4,000 jobs

15 February 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

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