Facebook-owner Meta on Wednesday has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor in display advertising. The Competition Appeal Tribunal on published a summary of Meta’s application, outlining its challenge on six grounds.
The company last month said that it had lodged an appeal against the decision by the Competition and Markets Authority (CMA) to block its 2020 acquisition of Giphy
Read More: Reuters
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