CNBC: Facebook’s acquisition of Giphy to face in-depth UK competition probe

CNBC: Facebook’s acquisition of Giphy to face in-depth UK competition probe. “Britain’s competition regulator said Thursday that it was referring Facebook’s acquisition of GIF database Giphy for an in-depth investigation. The Competition and Markets Authority (CMA) recently completed its initial probe into the Facebook-Giphy merger — which has already closed — and concluded that the deal raises competition concerns.”

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