The News Craving
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Reuters UK
Reuters UK
LONDON (Reuters) -Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include challenging the finding that the deal removed a potential competitor in display advertising. Meta said last month it had lodged an appeal against the decision by the Competition and Markets Authority (CMA) to block its 2020 acquisition of Giphy. It was the first time the British regulator had blocked a major digital acquisition, and it signalled a step change in its scrutiny of “big tech” companies. The Competition Appeal Tribunal on Wednesday publis…