UK regulator opposes CMA’s order to sell meta Giphy, accusing it of withholding information
Facebook owner Meta on Monday launched its appeal against Britain’s decision to sell Giphy, arguing that it offered too little to buy rival Snap’s animated-image provider, weakening the rationale used to block the deal. The British Competition and Markets Authority (CMA) ordered Meta to sell Giffy, which it bought in 2020 last year. Giphy’s new …