Meta Platforms will this week attempt to overturn a controversial order to sell off Giphy, in a four-day trial that’ll mark the biggest antitrust court clash in the UK this year.
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A UK regulator has told Facebook owner Meta Platforms to sell animated images platform Giphy over competition concerns.
The biggest US technology companies have gone on a buying spree this year, waving off intense scrutiny from competition watchdogs and critics who say they’ve bolstered their power by snatching up nascent rivals.
Facebook is acquiring Giphy, a popular website for making and sharing animated images, or GIFs, and will integrate it with its rapidly growing Instagram photo-sharing app.