Mergers & Acquisitions Mergers & Acquisitions

Meta’s Giphy deal rightly blocked for hurting ad-market competition, UK watchdog tells judge

By Simon Zekaria
  • 26 Apr 2022 17:36
  • 26 Apr 2022 17:36
Meta Platforms’ merger with Giphy was rightly blocked because the US-based GIF company’s ad-market service was primed to expand and hurt competition, the UK’s competition authority told a judge today.

On the second day of Meta’s UK appeal hearing against the Competition and Markets Authority’s decision, the regulator also said it wasn'

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Simon Zekaria

Senior Correspondent

Simon Zekaria is a senior correspondent in London, covering UK regulation. Prior to joining MLex, Simon reported on business news for The Wall Street Journal, including on telecommunications, media, technology and consumer affairs. Simon was also a writer for the WSJ on diverse subjects such as Brexit, UK politics and global sport. Simon was previously a correspondent on competition issues and European politics for Thomson Reuters and Agence France-Presse in Brussels. Simon is a graduate of Edinburgh University, with Masters degrees in literature and law. A French speaker, he has studied at the Sorbonne University, Paris.

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