Facebook fined £50.5 million by UK CMA over Giphy
The UK's CMA (Competition and Markets Authority) has announced that it has fined Facebook £50.5 million over its acquisition of Giphy. The CMA had ordered
Source: geeky-gadgets.com
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The United Kingdom's Competition and Markets Authority to Issue Initial Enforcement Order in Respect of TM Group Acquisition
/CNW/ - Dye & Durham Limited ("Dye & Durham" or the "Company") (TSX: DND), a leading provider of cloud-based software and technology solutions designed to...
Source: newswire.ca
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. Tha...
Source: theregister.com