United Kingdom: Issued final report on the Remittal Inquiry final ruling in CMA's remittal of Facebook/Giphy merger investigation
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Description
Issued 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 remittal inquiries, that the Facebook/Giphy merger would likely result in a substantial lessening of competition in the social media and display advertising markets. As a result, the CMA has ordered Facebook to sell Giphy to a suitable buyer.
Original sourceScope
Policy Area
Competition
Policy Instrument
Merger control regulation
Regulated Economic Activity
platform intermediary: user-generated content
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority
Complete timeline of this policy change
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2021-01-28
under deliberation
2021-08-12
in consultation
2021-08-25
processing consultation
2021-09-02
processing consultation
2021-10-20
in force
2021-11-30
in force
2021-12-23
under appeal
2022-02-04
in force
2022-06-14
under investigation
2022-07-15
under investigation
2022-07-18
in consultation
2022-07-29
processing consultation
2022-10-18
in force
2022-12-01
in consultation
2022-12-30
processing consultation
2023-01-06
in force