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British Regulator Says Facebook-Giphy Hurts Digital Ad Competition

By Mark Di Stefano
· · Source: The Information

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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