The social media giant says it is disappointed with the ruling but will accept it.
The UK's competition watchdog has reissued an order to Meta to sell animated images platform Giphy.
While Meta maintained that Giphy would be "openly available" to other social networks, the CMA's investigation found the buyout would harm competition in social media and advertising. It said it was concerned the deal would not only limit choice for those on social media but it would also reduce innovation in digital display advertising in the UK.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Facebook ordered to sell GIF site Giphy over competition concernsFACEBOOK has been told it must sell popular GIF site Giphy. The service is one of the most well-known for sending animated pics to friends but UK competition officials were worried the firm had too…
Læs mere »
Meta gives up fight to get $400m Giphy buy approvedGreat Britain pesters Facebook giant just enough to make it agree to offload GIF super-gallery
Læs mere »
Taylor Swift's website crashes as she announces 'Midnights' UK tourFans who pre-order her new album from the official UK store will receive a pre-sale code access “for forthcoming and yet to be announced Taylor Swift show dates”
Læs mere »
How much trouble is Mark Zuckerberg in?When Facebook became Meta, the company’s value was stratospheric and investors were willing to indulge Mark Zuckerberg's experiment. Things look different a year on
Læs mere »
Children should have separate sections in social media sitesAlso recommends age verification as Meta tells The Reg it's working on parental controls
Læs mere »