United Kingdom: Provisional findings after phase 2 investigation into Facebook/Giphy merger including opening of two consultation periods

Description

Provisional 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 effects the merger could have on competition. If proven, those concerns could lead to an obligation for Facebook to reverse the merger by selling Giphy. More specifically, the merger potentially eliminates a competitor in the display advertising market and will reduce competition between social media platforms according to the CMA. The CMA welcomes responses to its provisional findings by 2 September 2021 and its notice of possible remedies by 25 August 2021 and will issue its final report on 6 October 2021.

Original source

Scope

Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
platform intermediary: user-generated content
Implementation Level
national
Government Branch
executive
Government Body
competition authority

Complete timeline of this policy change

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2021-01-28
under deliberation

On 28 January 2021, the Competition and Markets Authority (CMA) announced the launch of an inquiry …

2021-08-12
in consultation

On 12 August 2021, the Competition and Markets Authority (CMA) announced provisional findings of th…

2021-08-25
processing consultation

The CMA closed the consultation to its notice of possible remedies on 25 August 2021 after having c…

2021-09-02
processing consultation

The CMA closed the consultation to its provisional findings on 2 September 2021 after closing the c…

2021-10-20
in force

On 20 October 2021, the Competition and Markets Authority (CMA) fined Facebook for non-compliance w…

2021-11-30
in force

The Competition and Markets Authority (CMA) concludes that the acquisition of Giphy by Facebook wou…

2021-12-23
under appeal

On 23 December 2021, Meta Platforms, Inc (previously Facebook, Inc) appealed the CMA's imposition t…

2022-02-04
in force

On 4 February 2022, the Competition and Markets Authority (CMA) announced that it has fined Meta Pl…

2022-06-14
under investigation

On 14 June 2022, the Competition Appeal Tribunal has issued its judgments in the Meta Platforms, In…

2022-07-15
under investigation

On 15 July 2022, the Competition Appeal Tribunal (CAT) issued a remittal order sending back to the …

2022-07-18
in consultation

On 18 July 2022, the Competition and Markets Authority (CMA) issued a notice of its provisional fin…

2022-07-29
processing consultation

On 29 July 2022, the Competition and Markets Authority (CMA) has closed the consultation on the pro…

2022-10-18
in force

On 18 October 2022, the Competition and Markets Authority (CMA) issued its final decision to conclu…

2022-12-01
in consultation

On 1 December 2022, the Competition and Markets Authority (CMA) opened a public consultation on its…

2022-12-30
processing consultation

On 30 December 2022, the public consultation on the Competition and Markets Authority (CMA) Final O…

2023-01-06
in force

On 6 January 2023, the UK Competition and Markets Authority (CMA) issued its final order in the Fac…

2023-06-30
concluded

On 30 June 2023, the UK Competition and Markets Authority (CMA) closed its investigation into the F…

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