Meta Ordered To Sell Off Giphy By UK Anti-Trust Regulator

In May 2020, Facebook announced that it had acquired Giphy for nearly $400 million and is planning to integrate it with Facebook and Instagram.

The United Kingdom’s anti-competitive watchdog has ordered Facebook’s parent company, Meta, to sell off the popular GIF sharing platform Giphy.

In a press release, the Competition and Markets Authority (CMA) said that it found …

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