Ordered to sell by UK's competition regulator
The divestment would include all of Giphy's overseas operations
CMA's decision to prohibit Meta's purchase of Giphy is a 'global concern,' it claims
The CMA says the deal has already removed Giphy as a potential contender in the display advertising market
It would be the first time the CMA has told a tech giant to reverse an acquisition
Company says the CMA's findings contain 'fundamental errors'
The regulator is reviewing last year's acquisition and could force Facebook to unwind the $400 million deal
The CMA is concerned about possible 'substantial lessening of competition' due to the acquisition