- Title:
Merger Update: Facebook / GIPHY - Time:
10:00:01 - Date:
28 Jan 2021 - Category:
Acquisitions and alliances - ID:
9458M
⌘K
Start of CMA Merger Investigation: completed acquisition by Facebook, Inc of GIPHY, Inc
The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.
The CMA announced the launch of its merger inquiry by notice to the Parties on 28 January 2021 and has a deadline of 25 March 2021 for its phase 1 decision.
Merger Update: Facebook / GIPHY10:00:0128 Jan 2021Acquisitions and alliances9458M