ADVERTISEMENT
ADVERTISEMENT
Facebook Loses Appeal Over CMA s Giphy Merger Probe
Law360, London (May 13, 2021, 12:36 PM BST) An appeals court has tossed Facebook s challenge to restrictions imposed by U.K. antitrust enforcers as they investigate its purchase of Giphy Inc., saying on Thursday that the continuing restraints are a problem of the tech giant s own making
The Court of Appeal has said that Facebook sat on its hands rather than answer questions from the Competition and Markets Authority about its buy-up of Giphy. (AP Photo/Ben Margot) The Court of Appeal s decision, penned by Master of the Rolls Geoffrey Vos, said that, rather than responding to requests for information from the Competition and Markets Authority about its buy-up of the.