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Meta Forced to Sell Giphy in UK Antitrust Case

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Two and a half years after gulping down Giphy, Facebook’s parent company Meta is being forced to spit the gif-sharing company back up. The United Kingdom’s Competition and Markets Authority (CMA), has ruled that that Meta’s purchase of Giphy was anticompetitive—reaffirming an earlier decision from June.

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Source: gizmodo.com