<script type="text/javascript" src="https://pppbr.com/bnr.php?section=Footer46860&pub=543549&format=728x90&ga=g&bg=1"></script>
<noscript><a href="https://yllix.com/publishers/543549" target="_blank"><img src="//ylx-aff.advertica-cdn.com/pub/728x90.png" style="border:none;margin:0;padding:0;vertical-align:baseline;" alt="ylliX - Online Advertising Network" /></a></noscript>
The U.K. government’s Competition and Markets Authority (CMA) has ordered Facebook owner Meta Platforms Inc. (NASDAQ: FB) to sell the graphics interchange format (GIF) files platform Giphy, which it purchased in 2020 for $315 million, stating that the acquisition was designed to reduce competition between social media platforms. What Happened: The CMA’s order marks the first time an international regulator has mandated a U.S. tech firm to jettison a completed transaction.
...read full article on Benzinga
