How Meta’s ill-fated Giphy deal helped shed light on the UK regulator’s merger approach

Duration: 12:12

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.