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U.K. Regulator Worried About ‘Supply of GIFs’ After Facebook-Giphy Deal

By
Mark Di Stefano
· · Source: The Information

The U.K.’s competition watchdog has given Facebook five days to address concerns that the company’s acquisition of Giphy threatens competition in digital advertising and the “supply of GIFs” on the internet. The Competition and Markets Authority has been investigating Facebook’s $400 million acquisition of the GIF website since the beginning of the year. On Thursday, the agency aired its...

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