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Looking at the press release from the UK government, the title is correct, they are ordering Meta to sell Giphy. https://www.gov.uk/government/news/cma-directs
by Deukhoofd 5y ago
Looking at the press release from the UK government, the title is correct, they are ordering Meta to sell Giphy.
https://www.gov.uk/government/news/cma-directs-facebook-to-sell-giphy https://www.gov.uk/government/news/cma-directs-facebook-to-s...
- uniqueuid 5y agoI stand corrected. This was apparently not an approval process but rather seeking remediation after the completed acquisition. Not quite familiar with UK competition law. In any case, it's very interesting to look at Meta's proposals (which were ultimately rejected) [1] [1] https://assets.publishing.service.gov.uk/media/61a4bfa2e90e07044a559d57/Facebook_GIPHY_-_Summary_of_Final_Report.pdf https://assets.publishing.service.gov.uk/media/61a4bfa2e90e0...