Facebook Giphy merger stays on ice after failed challenge to

Facebook Giphy merger stays on ice after failed challenge to UK competition regulator


Problem was of social network's own making, says unimpressed judge
Gareth Corfield
Fri 14 May 2021 // 16:29 UTC
Share
Copy
Facebook has failed to neutralise an order from Britain's competition regulator freezing its buyout of Giphy after having "sat on its hands" and failed to answer questions, the Court of Appeal has found.
Judge Sir Geoffrey Vos said "the central problem in this case was entirely of Facebook's own making" as he dismissed its attempt to overturn an Initial Enforcement Order (IEO) made by Britain's Competition and Markets Authority (CMA) last year.
That IEO blocked the Mark Zuckerberg-owned social network from finishing off its $400m buyout of Giphy, a supplier of web tracking beacons cunningly disguised as funny little animated images used to spice up online chats and comment sections.

Related Keywords

United Kingdom , Britain , Geoffrey Vos , Julian Flaux , Justice Phillips , Facebook , High Court , Sir Geoffrey Vos , Initial Enforcement Order , Markets Authority , Mark Zuckerberg Owned , Competition Appeal , Carve Out Requests , Sir Julian Flaux , Lord Justice Phillips , ஒன்றுபட்டது கிஂக்டம் , பிரிட்டன் , ஜெஃப்ரி வாஸ் , நீதி பிலிப்ஸ் , முகநூல் , உயர் நீதிமன்றம் , ஐயா ஜெஃப்ரி வாஸ் , ஆரம்ப அமலாக்கம் ஆர்டர் , சந்தைகள் அதிகாரம் , குறி ஜுக்கேர்பெற்க் ஓஂட் , போட்டி முறையீடு , ஆண்டவர் நீதி பிலிப்ஸ் ,

© 2025 Vimarsana