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Meta’s Giphy play tests the UK antitrust regulator’s mettle; and the Archegos scandal’s legacy
06 May 2022 00:00
There’s a lot riding on Meta’s recent attempt to overturn a decision by the UK’s competition watchdog to block the tech giant’s acquisition of Giphy, an online database of gifs — visual aids popular in social-media postings. It’s significant because it’s the Competition and Markets Authority’s first ever prohibition of a Big Tech deal; the case in the Competition Appeal Tribunal could also illustrate how a completed global deal may be affected by the recalcitrance of one, significant jurisdiction. Also on today’s podcast: How the regulatory reverberations of the Archegos scandal in the US are raising concerns among activist shareholders.
UK prohibition of a Big Tech deal will be tested in court as Meta Platforms fights to get an order requiring it to unwind its purchase of Giphy quashed
Archegos-driven US SEC swaps plans, touted by Gensler, draw fire over effect on shareholder activismSEC to do some tinkering if it wants to avoid possible lawsuits that could lead to an overhaul of the security-based swaps rules
James Panichi Senior Editor, Asia Pacific
James, an Australian journalist with over 25 years’ experience in print and electronic media, helps to oversee MLex’s coverage of regulatory risk in Asia, with special attention to Australia and New Zealand. In 2016, James was appointed as MLex’s managing editor for continental Europe, overseeing the Brussels bureau’s coverage of EU regulatory affairs and managing a team of 16 journalists in Brussels and Geneva. Previously James worked for the European Voice newspaper, before joining the... Read more
Neil Roland Senior Correspondent
Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in... Read more