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Meta's global Giphy selloff following UK demand could end Australian court risk

By Laurel Henning
  • 25 Oct 2022 04:43
  • 25 Oct 2022 04:43
Meta Platforms’ decision to accept UK demands that it reverse its 2020 acquisition of video-database Giphy could prompt Australia’s antitrust regulator to drop its ongoing investigation into the $315 million deal.
In a written response to questions from MLex, a spokesperson for the Australian Competition & Consumer Commission said that

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Laurel Henning

Senior Correspondent

Laurel is a senior correspondent specializing in competition law, data privacy and security, in Australia and New Zealand. Laurel reports from Sydney on criminal-cartel legislation and white-collar crime, as well as competition and consumer lawsuits involving companies including Google, Meta Platforms and Apple. While at MLex Laurel has also reported boardroom disputes and shareholder campaigns agitating for changes to company strategy. Laurel joined MLex in 2013 and reported for five years on European energy and climate policies from Brussels. In that time, Laurel covered the regulation of emissions and technological developments pertaining to the energy sector within the EU, as well as the Paris agreement in 2015. A graduate of the University of Liverpool, Laurel studied English and French before beginning a career in journalism with MLex.

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