Merger Update: Facebook / GIPHY

RNS Announcement

RNS Number : 9458M

Competition and Markets Authority

28 January 2021

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.

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MERUNOURASUAUAR

RNS metadata

Title: Merger Update: Facebook / GIPHY
Time: 10:00:01
Date: 28 Jan 2021
Category: Acquisitions and alliances
ID: 9458M