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Meta fined again by UK regulator over Giphy merger

Feb, 06, 2022 Hi-network.com
Image: Aytac Unal/Anadolu Agency via Getty Images

TheUK Competition and Markets Authority (CMA) has fined Meta, previously known as Facebook, over the company not cooperating in an investigation regarding its acquisition of Giphy.

The $400 million Meta-Giphy deal has been under review by the competition watchdog since June 2020, a month after the deal was announced.

The competition regulator on Friday said it fined Meta

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