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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.
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
Yonnex Li Chief Correspondent, Greater China
Yonnex has an MA in Journalism from the Chinese University of Hong Kong, after obtaining a BA in Translation at the same university. At MLex, she writes extensively on antitrust developments in the Greater China region, including investigations, court cases and merger control of international transactions. Prior to joining MLex, she worked as a reporter at the English division of the Hong Kong Economic Journal, providing coverage and analysis on China's banking sector, asset management... Read more