 "Facebook")
Britain might require Facebook to sell GIF website Giphy after the country's competition regulator said on Thursday its investigation found the deal between the two companies would harm competition in the display advertising market.
Facebook, the world's largest social media company, bought Giphy, a website for making and sharing animated images, or GIFs, in May last year to integrate it with its photo-sharing app, Instagram. The deal was pegged at $400 million by Axios.
The UK's Competition and Markets Authority (CMA) began a probe into the deal in January at a time when the social media network was under global
Disclaimer: No Business Standard Journalist was involved in creation of this content
