UK's competition watchdog begins probe into Facebook's Giphy deal

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UK's competition watchdog begins probe into Facebook's Giphy deal
Reuters
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Synopsis

The Competition and Markets Authority, which served an initial enforcement order to the companies in June, said it has until March 25 to make a decision.

Reuters
Facebook Inc's completed acquisition of popular GIF website Giphy.
UK's competition watchdog on Thursday launched its initial investigation into Facebook Inc's completed acquisition of popular GIF website Giphy.

The Competition and Markets Authority, which served an initial enforcement order to the companies in June, said it has until March 25 to make a decision.

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