Facebook group – Meta has to sell Giphy again – economy

The Facebook group Meta will sell the clip platform Giphy again after the final decision of British antitrust authorities. After a second examination, the competition authority CMA came to the conclusion that the group had to part with the company that had already been taken over in 2020. A new buyer for Giphy must be approved by the CMA. The antitrust authorities had already instructed Meta in November last year to sell Giphy again. The group, on the other hand, went to court – and that ordered a new examination in the summer because the CMA had made procedural errors. According to the new report, Meta gave up resistance. One is disappointed, but accepts the decision as the last word on it, said a spokesman for the business newspaper Financial Times. The CMA sees the merger as a risk, among other things, that Meta could make it more difficult for rivals Facebook and Instagram to integrate Giphy’s animated images.

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