CMA orders Meta (Facebook’s parent) to sell Giphy
On 30 November 2021 the UK Competition and Markets Authority (CMA) ordered Facebook’s owner, Meta, to divest Giphy, a gif website. The purchase of Giphy was completed on 15 May 2020. The CMA issued an interim enforcement order on 9 June 2020, preventing the parties from further integrating their businesses pending investigation. A merger inquiry…