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The CMA accuses Facebook of not providing information about its merger with Giphy in 2020.
The British Competition Authority (CMA) fined US social media giant Facebook 50.5 million pounds (about $ 69.5 million) for failing to provide required information about its merger with Giphy, a graphics startup. cartoons you bought last year.
“This is the first time that a company has breached a CMA order by knowingly refusing to provide all the requested information”the regulator said Wednesday.
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And it imposed a penalty of 50.5 million pounds (60 million euros), for failing to comply with this requirement in the framework of an “investigation into the acquisition of Giphy by Facebook.” (I)
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