UK Regulators Order Facebook-owner Meta To Sell Giphy
Regulators in the U.K. on Tuesday said they have directed Facebook parent company Meta to sell Giphy after finding “the takeover could reduce competition between social media platforms and increase Facebook’s already significant market power.” From a report: Facebook agreed to buy Giphy in May of last year for an estimated price of $400 million. The deal almost imme … ⌘ Read more