CMA blocks the Facebook/Giphy merger: you can’t say they didn’t warn us

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