Mergers & Acquisitions Mergers & Acquisitions

Facebook says provisional UK block on Giphy deal is 'not supported by evidence'

By Victoria Ibitoye
  • 12 Aug 2021 06:41
  • 12 Aug 2021 06:41
Facebook has criticized the UK competition regulator’s working decision to block its takeover of Giphy, saying there's no evidence for the watchdog's findings.

The Competition and Markets Authority today provisionally found that the deal could harm competition between social-media platforms by leading Giphy to deny other platforms access to its GIFs, while in

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