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> Bold move for a declining country like the UK Agreed Not sure why the UK regulators are even concerned about the Giphy deal, it's small time... like, compar
by parasense 5y ago
> Bold move for a declining country like the UK
Agreed
Not sure why the UK regulators are even concerned about the Giphy deal, it's small time... like, compared to the Nvidia + Arm deal.
> Meta could probably just pull out of the UK entirely without any serious bottom line impact.
Not sure about that, but there are plenty of options. Meta probably needs data-centers in the UK, but those could in theory move to Ireland at great expense, probably at far more expense than the Giphy deal was worth. Then comes the issue of Facebook employees in the UK, and to what extent their jobs contribute to the UK economy, and what impact that would have for those jobs to move to another country. I'm not sure regulating Facebooks' small-time deals like Giphy is worth the potential risk of losing Facebook in the UK.
Another potential way forward would be to sell Giphy, then create new Giphy-like business unit. I'd argue this is perhaps the least expensive way forward, costing more than it was to buy Giphy, yet much less than the cost of moving UK operations out.