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Facebook’s Purchase of Giphy to Be Investigated by U.K. Regulators

By
Mark Di Stefano
· · Source: The Information

The U.K.’s Competition and Markets Authoritywill push forward with a formal inquiry of Facebook’s acquisition of the GIF-maker Giphy, another sign the country’s regulator wants to get tougher on U.S. tech companies after Brexit. Facebook bought Giphy last year for a reported $400 million, with the social media giant looking to integrate the company’s GIF archive across its News Feed,...

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