The UK’s Competition and Markets Authority said Facebook’s $400 million acquisition of Giphy, the GIF database, harms competition in the digital advertising space, a step towards blocking the deal. The CMA has been probing the Facebook-Giphy for more than a year. On Tuesday, the regulator released provisional findings , claiming that Facebook’s purchase of Giphy removed a potential competitor...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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