Facebook fights UK merger regulator over Giphy acquisition

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[SAN FRANCISCO] Facebook Inc became the latest tech giant to complain about the overreach of the U.K.'s merger watchdog, warning that its demands were unreasonable and disproportionate. Read more at The Business Times.

While half of Giphy's business involved Facebook and its apps, the company also provided the same search service to competitors such as Apple Inc's iMessage, Twitter, Signal, and TikTok.

It also said members of Giphy's senior management team have left the business and Giphy employees have received restricted stock units in Facebook. The company last month won a temporary halt to a demand by EU investigators to turn over vast amounts of data, potentially frustrating efforts to build an antitrust case.

 

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