Facebook launches extraordinary broadside against Britain's markets watchdog over its plans to …

Facebook launches extraordinary broadside against Britain’s markets watchdog over its plans to block a £290m takeover dealBy Helen Cahill, Financial Mail On Sunday Published: 16:51 EDT, 3 July 2021 | Updated: 16:51 EDT, 3 July 2021 Facebook has launched an extraordinary broadside against Britain’s markets watchdog over its plans to block a $400million (£290million) takeover deal. The US tech giant has slammed the Competition and Markets Authority for meddling in its plans to buy another US firm, Giphy. Facebook said Giphy has no sales, assets, employees or customers in the UK. But the CMA has pledged to take action against any take­overs that harm UK consumers – even if they take place overseas and involve non-British companies.  Thumbs down: The US tech giant has slammed the Competition and Markets Authority for meddling in its plans to buy another US firm, GiphyGiphy provides GIFs, which are animated images that users can post on social media websites such as Facebook, Twitter and WhatsApp. The CMA is investigating whether the deal could cause irreversible harm to Giphy’s rivals. Its probe is part of a wider plan to stop tech giants abusing their dominant positions to bully rivals. But Facebook complained that the CMA’s fears about the deal…
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