The U.K. antitrust officials said Facebook could be required to sell animated-GIF provider Giphy over competition concerns
U.K. antitrust officials said they could call on Facebook Inc. to unwind its acquisition of Giphy, a provider of popular animated images, after provisionally finding that the deal would harm competition between social-media platforms and in the display advertising market., saying it planned to integrate its offering into Instagram and other apps. Giphy allows users to search for, create and share animated images known as GIFs, which stands for graphics interchange format.
The U.K.’s Competition and Markets Authority began probing the deal in June 2020 and launched an initial investigation in January. On Thursday it said it would now seek responses from interested parties to its provisional findings and issue a final report on Oct. 6. The CMA added that if its competition concerns are ultimately confirmed, it could require Facebook to sell off Giphy in its entirety.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Facebook's takeover of Giphy raises competition concerns, UK regulator saysThe U.K.'s competition regulator announced Thursday that Facebook's acquisition of popular GIF website Giphy presents competition concerns.
Consulte Mais informação »
Facebook may have to sell Giphy on Britain's competition concernsBritain might require Facebook (FB.O) to sell GIF website Giphy after the country's competition regulator said on Thursday its investigation found the deal between the two companies would harm competition in the display advertising market.
Consulte Mais informação »
Facebook’s Giphy Takeover Runs Into U.K. Competition and Markets Authority Roadblock, Social Media Giant Disagrees With FindingsThe merger of social media giant Facebook and Giphy, the largest provider of GIFs, has run into a roadblock from the U.K.’s Competition and Markets Authority (CMA). Following an investigation…
Consulte Mais informação »
Facebook's takeover of Giphy raises competition concerns, UK regulator saysThe U.K.'s competition regulator announced Thursday that Facebook's acquisition of popular GIF website Giphy presents competition concerns.
Consulte Mais informação »
Facebook may have to sell Giphy on Britain's competition concernsBritain might require Facebook (FB.O) to sell GIF website Giphy after the country's competition regulator said on Thursday its investigation found the deal between the two companies would harm competition in the display advertising market.
Consulte Mais informação »
Facebook’s Giphy Takeover Runs Into U.K. Competition and Markets Authority Roadblock, Social Media Giant Disagrees With FindingsThe merger of social media giant Facebook and Giphy, the largest provider of GIFs, has run into a roadblock from the U.K.’s Competition and Markets Authority (CMA). Following an investigation…
Consulte Mais informação »