Facebook-Giphy deal set to be blocked by UK regulatorBy Sneha Bhowmik, ReutersLast Updated: Nov 29, 2021, 10:03 AM ISTSynopsisThe United Kingdom’s Competition and Markets Authority is set to reverse the Facebook-Giphy deal in what would be the first time the regulator has reversed a Big Tech acquisition, Financial Times reported.AgenciesThe United Kingdom’s competition regulator is expected to block Facebook’s acquisition of online GIF platform Giphy in the upcoming days in an escalation of the watchdog’s assault on Big Tech, the Financial Times reported. The Competition and Markets Authority is set to reverse the deal in what would be the first time the watchdog has reversed a Big Tech acquisition, FT reported, citing individuals close to the matter. STARTUP ROCKSTARS IN 2021Sign-in to see our list of the most promising startups of 2021 Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.ETPrime stories of the day
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Facebook-Giphy deal set to be blocked by UK regulator – The Economic Times
