Facebook announced the purchase of Giphy in May 2020 for $315 million. A British court on Thursday adjourned an appeal by Facebook‘s owner Meta against a competition regulator ruling that it should be forced to sell online GIF creator Giphy. The Competition and Markets Authority (CMA) in November found Meta’s purchase of Giphy — which supplies animated GIFs or mini videos to major social networks — would give the US behemoth too much market share. Adjourning the case at London’s Competition Appeal Tribunal after four days of […]

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