Facebook Blasts UK Watchdog's Probe Of Giphy Deal

By Bryan Koenig (September 8, 2021, 8:42 PM EDT) -- Facebook Inc. assailed the United Kingdom's antitrust watchdog in a response made public Wednesday for what it characterized as a disproportionate, unnecessary and out-of-bounds bid to force the social media giant to unwind its 2020 acquisition of online image platform Giphy Inc.

Facebook's filing hinted at a direct response to Competitions and Markets Authority provisional findings that the company's $400 million acquisition of Giphy could prevent other social media platforms from accessing GIFs — short, looping videos without sound. But its primary purpose was to respond to the CMA's proposed remedies that would force Facebook to fully stand Giphy up on...

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!


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?
Ask a question!