Meta wins appeal against block of Giphy deal by UK regulator

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

LONDON : Meta Platforms won its appeal on Tuesday against Britain blocking its 2020 acquisition of GIFs supplier Giphy on one ground, the country's Competition Appeal Tribunal (CAT) ruled.The CAT said the Competition and Markets Authority had 'failed properly to consult' and had 'wrongly excised portions

LONDON : Meta Platforms won its appeal on Tuesday against Britain blocking its 2020 acquisition of GIFs supplier Giphy on one ground, the country's Competition Appeal Tribunal ruled.

The CAT said the Competition and Markets Authority had"failed properly to consult" and had"wrongly excised portions from its decision", adding that the parties should identify how and when the question of remittal could be determined.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.