Meta Accepts CMA Order to Sell Giphy After Losing Appeal in UK Antitrust Battle

Meta Accepts CMA Order to Sell Giphy After Losing Appeal in UK Antitrust Battle

A UK competition regulator on Tuesday re-issued its order for Facebook owner Meta to sell animated graphics startup Giphy in a final decision after a failed appeal. The Competition and Markets Authority (CMA) said in a statement that Giphy must be “sold off in its entirety”, having already ruled last…