Facebook's parent company Meta acquired the gif-sharing company in 2020, amid probes by anti-competition regulators.
its own value just before the buyout, in order to minimize regulator scrutiny. Unfortunately for formerlyThe CMA first began its investigation into the Meta/Giphy merge less than a month after it was announced. The regulator has required Meta and Giphy to be held separately in the UK since June 2020, pending a ruling. In November 2021, the agency first found the merger in violation of British competition laws. But Meta appealed, leading to a remittal inquiry—which also didn’t go Meta’s way.
We all need privacy, especially online. Your IP address and your browsing should be hidden from unecessary surveillance. Rest assured that PIA’s virtual private network never keeps any usage logs—ever.The company has thus seemingly exhausted it’s options to try and weasel out of CMA enforcement, and so has agreed to part with Giphy.
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