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

[Ali Hussein]

Barrack

Can you be more specific?

Are you saying the govt asking companies to sell some of their parts? Or
asking big tech specifically?

Regards

*Ali Hussein*

Fintech | Digital Transformation


Tel: +254 713 601113

Twitter: @AliHKassim

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On Thu, Dec 2, 2021 at 5:07 PM Barrack Otieno <otieno.barrack at gmail.com>
wrote:

> @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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