Facebook Slams U.K. Watchdog’s Call to Sell Giphy
- Tech giant is fighting U.K. antitrust review of completed deal
- CMA provisionally found Facebook must sell all of Giphy
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Facebook Inc. slammed the U.K.’s antitrust regulator over its provisional call that the tech giant would have to sell all of Giphy to address competition concerns, setting up a bitter fight over the completed deal.
Selling off the company that Facebook bought last year for $400 million would be “grossly unreasonable and disproportionate,” Facebook argued in a response to the Competition and Markets Authority’s concerns published on Wednesday.