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Britain regulators against the deal between Facebook & Giphy


Britain might require Facebook to sell GIF website Giphy when the country’s competition regulator said that the deal between the two companies could harm competition in the display advertising market. In May last year, Facebook bought Giphy, a website for making & sharing animated images or GIFs to integrate it with the photosharing app, Instagram. The deal was concealed at $400 million by Axios.

Source: Reuters

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