PYMNTS: Meta Challenges Order to Kill $315M Deal to Acquire Giphy

PYMNTS: Meta Challenges Order to Kill $315M Deal to Acquire Giphy. “Meta Platforms Inc. is fighting allegations by the United Kingdom’s antitrust watchdog that the tech giant is violating anticompetitive rules, Bloomberg reported Monday (April 25). Meta has accused the Competition and Markets Authority (CMA) of being ‘irrational’ and ‘inconsistent’ when it determined Giphy, the GIF search engine, was a competitor in the display advertising market.”

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