Nov 29, 2021 08:39 PM (GMT+8)
The UK antitrust agency may stop meta's acquisition of motion picture platform giphy. The source told the financial times that the British competition and market authority (CMA) would overturn the deal in the next few days, which would also become the first M & A case of a large technology giant to be terminated by the agency. Giphy is an online dynamic GIF image search engine. CMA began investigating meta's acquisition of giphy in June last year.
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