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 Competition Appeal Tribunal, which, in an appeal made by Facebook, found that the CMA failed to consult Facebook with regard to certain redacted information on which it based its final report. In the remittal, the CMA stated that the merger would result in a substantial lessening of competition and that the provisional order to Facebook to sell Giphy will be reassessed. The stakeholders are invited to submit their comments until 29 July 2022.
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