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How Meta’s ill-fated Giphy deal helped shed light on the UK regulator’s merger approach
04 November 2022 00:00
The decision by the UK Competition and Markets Authority to oppose Meta’s controversial acquisition of gif database Giphy has forced the companies to unwind what had been a completed global deal. While the CMA’s decision was a significant setback for Meta, it did help clarify — or, in some cases, correct — problematic aspects of the UK’s merger-control regime.
Meta Platforms’ acceptance of a UK order to unwind its Giphy deal this week puts an end to more than two years of wrangling
Laurel Henning Senior Correspondent
Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and... Read more