Tag Archives: appeals

Facebook appeals UK ruling that it must sell Giphy, Marketing & Advertising News, ET BrandEquity

This image is for representational purpose only. (File image: iStock) Facebook-owner Meta is appealing Britain’s ruling that it must sell animated images platform Giphy, saying the evidence does not support the finding that the deal is a threat to its rivals or could impact competition in display advertising. Britain’s Competition and Markets Authority (CMA) ordered Meta to sell Giphy, which it acquired for a reported $400 million in May 2020, last month after it decided the remedies offered by the US company did not answer its concerns. […]

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