United Kingdom: CMA investigation into Facebook/Giphy merger
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Closed CMA Investigation into Facebook/Giphy merger
On 30 June 2023, the UK Competition and Markets Authority (CMA) closed its investigation into the Facebook(Meta)/Giphy merger. The CMA issued its final order in the Facebook/Giphy merger investigation on 6 January 2023, deciding that the Facebook/Gi…
SourceIssued CMA's final order in Facebook/Giphy merger investigation
On 6 January 2023, the UK Competition and Markets Authority (CMA) issued its final order in the Facebook/Giphy merger investigation (pursuant to section 84 of the Enterprise Act 2002). In particular, in its Final Order, the CMA decided, after consid…
SourceClosed consultation on CMA's final order in Facebook/Giphy merger investigation
On 30 December 2022, the public consultation on the Competition and Markets Authority (CMA) Final Order pursuant to section 84 of the Enterprise Act 2002 in the Facebook/Giphy merger investigation, closed. In particular, in its Final Order the CMA d…
SourceOpened consultation on CMA's final order in Facebook/Giphy merger investigation
On 1 December 2022, the Competition and Markets Authority (CMA) opened a public consultation on its Final Order pursuant to section 84 of the Enterprise Act 2002 in the Facebook/Giphy merger investigation, until 30 December 2022. In particular, in i…
SourceIssued final report on the Remittal Inquiry final ruling in CMA's remittal of Facebook/Giphy merger investigation
On 18 October 2022, the Competition and Markets Authority (CMA) issued its final decision to conclude the remittal process of the Facebook/Giphy merger investigation. The CMA decided, after considering all evidence from both the original and remitta…
SourceConsultation closed on CMA's remittal of Facebook/Giphy merger investigation
On 29 July 2022, the Competition and Markets Authority (CMA) has closed the consultation on the provisional findings in its remittal of its decision in the Facebook/Giphy merger investigation. The remittal was ordered by the Competition Appeal Tribu…
SourceConsultation opened on CMA's remittal of Facebook/Giphy merger investigation
On 18 July 2022, the Competition and Markets Authority (CMA) issued a notice of its provisional findings on the remittal of its decision in the Facebook/Giphy merger investigation and opened a public consultation. The remittal was ordered by the Com…
SourceRemittal ordered by Tribunal in Facebook's (Meta) appeal of CMA's order to sell Giphy
On 15 July 2022, the Competition Appeal Tribunal (CAT) issued a remittal order sending back to the Competition and Markets Authority's (CMA) the Meta/Giphy merger case for further consideration. The CAT found that CMA failed to consult Facebook with…
SourceJudgment issued in Facebook's (Meta) appeal of CMA's order to sell Giphy
On 14 June 2022, the Competition Appeal Tribunal has issued its judgments in the Meta Platforms, Inc's (previously Facebook, Inc) appeal against the CMA's imposition to sell Giphy, which had been acquired by Facebook in May 2020. Meta appealed the C…
SourceFacebook fined £1.5 million for breach of an order by the CMA
On 4 February 2022, the Competition and Markets Authority (CMA) announced that it has fined Meta Platforms, previously Facebook, for GBP 1.5 million over its noncompliance with a previous enforcement order issued on 9 June 2020. The fine was imposed…
SourceFacebook (Meta) appeals CMA's order to sell Giphy
On 23 December 2021, Meta Platforms, Inc (previously Facebook, Inc) appealed the CMA's imposition to sell Giphy, which had been acquired by Facebook in May 2020. Meta is appealing the CMA's decision on six grounds, including that Giphy would not hav…
SourceFacebook (Meta) ordered to sell Giphy
The Competition and Markets Authority (CMA) concludes that the acquisition of Giphy by Facebook would reduce competition between social media platforms. Therefore, the solution is Facebook selling Giphy to an approved buyer. In particular, the CMA n…
SourceFacebook fined £50.5 million during ongoing merger inquiry for breach of an order by the CMA
On 20 October 2021, the Competition and Markets Authority (CMA) fined Facebook for non-compliance with an order issued by the CMA. Specifically, the CMA issued an initial enforcement order (IEO) in June 2020, when it began its investigation into the…
SourceConsultation on provisional findings by CMA on Facebook/Giphy merger closes
The CMA closed the consultation to its provisional findings on 2 September 2021 after closing the consultation to its notice of possible remedies on 25 August 2021. On 12 August 2021, the Competition and Markets Authority (CMA) announced provisional…
SourceConsultation on possible remedies by CMA on Facebook/Giphy merger closes
The CMA closed the consultation to its notice of possible remedies on 25 August 2021 after having closed the consultation to its provisional findings on 2 September 2021. On 12 August 2021, the Competition and Markets Authority (CMA) announced provi…
SourceProvisional findings after phase 2 investigation into Facebook/Giphy merger including opening of two consultation periods
On 12 August 2021, the Competition and Markets Authority (CMA) announced provisional findings of their in-depth investigation into the merger between Facebook Inc. and Giphy Inc. The findings include several concerns about the potentially harmful ef…
SourceLaunch of Facebook/Giphy merger inquiry by the CMA
On 28 January 2021, the Competition and Markets Authority (CMA) announced the launch of an inquiry into the merger between Facebook Inc. and Giphy Inc. This marks the start of a phase 1 investigation that could be followed by a phase 2 investigation…
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