As readers of this blog know, the UK’s Competition and Markets Authority (“CMA”) blocked its first Big Tech merger in the Meta/Giphy case. Meta duly appealed to the UK’s Competition Appeal Tribunal (“CAT”) and the CAT’s judgment was issued last week. The most discussed element of the case has been the CMA’s controversial theories of … Continue reading Meta/Giphy court judgment: The CMA’s controversial merger analysis survives, but its procedures don’t
A big development in European competition enforcement in digital markets occurred today as both the European Commission and the UK Competition and Markets Authority (CMA) announced simultaneously that they are investigating the ‘Jedi Blue’ agreement. This is an agreement between Google and Meta (formerly Facebook) that may have targeted a disruptive advertising technology known as … Continue reading EU and UK take on ‘Jedi Blue’ – Keep your friends close, but your enemies closer?
The UK Competition and Markets Authority (“CMA”) investigation into the acquisition of Giphy by Facebook (now Meta) has been watched by merger control practitioners with morbid fascination. It has included everything one could wish for in a merger case – a Big Tech killer acquisition (arguably), novel theories of harm (arguably), satellite litigation, the highest … Continue reading CMA blocks the Facebook/Giphy merger: you can’t say they didn’t warn us