[kictanet] Fwd: [Internet Policy] UK competition regulator orders Facebook to sell Giphy

[Barrack Otieno]

@Ali Hussein <ali at hussein.me.ke> are we seeing this in Kenya soon?


Regards

---------- Forwarded message ---------
From: Richard Hill via InternetPolicy <internetpolicy at elists.isoc.org>
Date: Thu, 2 Dec 2021, 4:52 pm
Subject: [Internet Policy] UK competition regulator orders Facebook to sell
Giphy
To: ISOC Internet Policy <internetpolicy at elists.isoc.org>


The UK’s Competition and Markets Authority (CMA) has asked Meta (formerly
Facebook) to sell the GIF database and search engine Giphy, a company that
Meta acquired about a year and a half ago. The competition regulator
decided that Facebook’s acquisition of Giphy will “reduce competition”
between social media platforms and “that the deal has already removed Giphy
as a potential challenger in the display advertising market.”


See:




https://www.techcircle.in/2021/12/01/uk-competition-regulator-orders-meta-to-sell-giphy-says-acquisition-anti-competitive



Best,

Richard
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