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LONDON Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor in display advertising. ....
Facebook owner Meta has applied for an opportunity to appeal a British regulator's ruling that Meta should sell Giphy, a popular animated images platform.
Competition Appeal Tribunal said on Wednesday that Meta had lodged an application for review on December. Meta has challenged Competition and Markets Authority's (CMA) ruling on six grounds.
The CMA had delivered the ruling on Giphy in November last year. The watchdog had said that Meta's acquisition of the animated graphics startup would hit competition and advertising. ....
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. ....