UK Competition and Markets Authority, the country's antitrust watchdog, launches an investigation into Facebook's acquisition of Giphy
key question is how much revenues Giphy made & if that meets baseline for UK antitrust authorities to review deal. Major issue w/ current competition rules: you have to meet a certain $$ threshold for deals to be reviewed — often when deals are more about data than $$ https://twitter.com/... Taylor Owen / @taylor_owen : Coordinated competition policy can work https://twitter.com/... Brian Fung / @b_fung : NEW: Facebook is pausing its merger integration with Giphy globally, after the UK announced an antitrust investigation into the deal today and Australia launched one earlier this week: https://www.cnn.com/... https://twitter.com/... @cmagovuk : We've imposed an initial enforcement order on Facebook and Giphy which requires the companies to operate independently whilst we investigate. We're now asking third parties to comment to assist us with our assessment. Find out more: https://ow.ly/... https://twitter.com/... Shona Ghosh / @shonaghosh : The UK's competition authority is worried about competition in GIFs. https://www.gov.uk/... Matthew Newman / @newmanmlex : .@CMAgovUK is investigating Facebook's acquisition of video-sharing search engine Giphy. Freeze order on the deal. Potential issues with access to rival messaging services' #data on users' searches. https://www.gov.uk/... @Facebook @GIPHY Hadas Gold / @hadas_gold : Just in: UK competition authority has launched an investigation into the Facebook/Giphy deal, comes shortly after Australia did the same https://www.gov.uk/... Steve Kopack / @stevekopack : The U.K. competition authority says it is investigating Facebook's takeover deal for Giphy. Facebook has been served with an initial enforcement order that puts a pause on integrating Giphy's business with Facebook's business https://www.gov.uk/...
Ruh roh — key question is how much revenues Giphy made & if that meets baseline for UK antitrust authorities to review deal. Major issue w/ current competition rules: you have to meet a certain $$ threshold for deals to be reviewed — often when deals are more about data than $$ h…
NEW: Facebook is pausing its merger integration with Giphy globally, after the UK announced an antitrust investigation into the deal today and Australia launched one earlier this week: https://www.cnn.com/... https://twitter.com/...
We've imposed an initial enforcement order on Facebook and Giphy which requires the companies to operate independently whilst we investigate. We're now asking third parties to comment to assist us with our assessment. Find out more: https://ow.ly/... https://twitter.com/...
.@CMAgovUK is investigating Facebook's acquisition of video-sharing search engine Giphy. Freeze order on the deal. Potential issues with access to rival messaging services' #data on users' searches. https://www.gov.uk/... @Facebook @GIPHY
Just in: UK competition authority has launched an investigation into the Facebook/Giphy deal, comes shortly after Australia did the same https://www.gov.uk/...
The U.K. competition authority says it is investigating Facebook's takeover deal for Giphy. Facebook has been served with an initial enforcement order that puts a pause on integrating Giphy's business with Facebook's business https://www.gov.uk/...