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 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 Facebook should be order to sell Giphy.
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