UK refers Facebook acquisition of Giphy for in-depth probe

  • 📰 Reuters
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Britain on Thursday referred Facebook Inc's acquisition of GIF website Giphy for an in-depth probe after the U.S. social media giant told the country's competition watchdog it would not be offering any undertakings to address its concerns.

FILE PHOTO: People are silhouetted as they pose with laptops in front of a screen projected with a Facebook logo, in this picture illustration taken in Zenica October 29, 2014. REUTERS/Dado Ruvic/File Photo

- Britain on Thursday referred Facebook Inc’s acquisition of GIF website Giphy for an in-depth probe after the U.S. social media giant told the country’s competition watchdog it would not be offering any undertakings to address its concerns. The regulator last week gave Facebook and Giphy five working days to offer proposals to address its concerns over their merger deal, which could affect digital advertising and the supply of animated images.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The only thing the investigators will probe is the plain brown envelopes that get dropped on their desks!

Facebook removed the video of Donald Trump's recent interview, which was posted on the page of his daughter-in-law, Lara Trump. Facebook, cover Trump's mouth with duct tape, or are you afraid 70 million Americans will do the same to you?

South Africa South Africa Latest News, South Africa South Africa Headlines