Facebook fights British watchdog to retain GIF-maker Giphy

Reuters2021-09-08

(Reuters) - Facebook has made a case for not selling Giphy in a strongly worded response to Britain's competition regulator, a document showed on Wednesday, and questioned if the watchdog could order the U.S. company to divest the GIF-maker.

Facebook argued that "the inability of the CMA (UK's Competition and Markets Authority) to issue any order against Giphy raises serious questions as to the enforceability of any divestment order and whether any such order could be effective," according to the letter published by the CMA.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Shinjini Ganguli)

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Comments

  • rossannathom
    2021-09-08
    rossannathom
    I don’t understand what is the issue and whydo they need to go to such extremes
  • Veldora
    2021-09-08
    Veldora
    [Onlooker] 
  • Abundance Thankful
    2021-09-08
    Abundance Thankful
    Wow
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