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Moves to unwind Meta’s Giphy acquisition point to an evolving regulatory landscape; and Didi’s dilemma
10 December 2021 00:00
Meta’s acquisition of Giphy, the database of looped videos known as gifs, has run into trouble in the United Kingdom, where the competition authority has demanded that the deal be unwound. It’s a big call — and one likely to have an impact on other jurisdictions where the deal has also raised significant concerns. But what does the acquisition by the company formerly known as Facebook tell us about the evolving regulatory landscape? Also on today’s podcast: Didi buckles under pressure. The China-based ride-hailing app has had to walk away from the New York stock exchange and has instead announced a float in Hong Kong." What happened? Security concerns over access to data appear to be a significant part of the story.
Should Meta advance an appeal over the UK CMA's prohibition of its acquisition of Giphy, it faces an uphill battle in getting the decision quashed.
China's largest ride-hailing app Didi Chuxing may offer a lesson to Chinese data-sensitive companies currently listed in the US.