Facebook Loses Appeal In CMA Probe Of Giphy Deal

Law360 (November 13, 2020, 4:31 PM EST) -- Britain's antitrust court on Friday rejected Facebook's bid to loosen restrictions that authorities tentatively imposed on the social media giant's deal to gobble up Giphy.

The Competition Appeal Tribunal denied three grounds of an appeal by Facebook, which claimed that antitrust officials had not adequately justified not letting the company "carve out" parts of its business from interim restrictions placed on its takeover of the animation-hosting site.

The restrictions were imposed by the UK Competition and Markets Authority to prevent full integration of the businesses while the CMA investigates the deal. The authority has rejected Facebook's accusation that CMA effectively rebuffed...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!