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UK’s CMA says Facebook will face an in-depth review of its $400M purchase of GIPHY after the company failed to address antitrust concerns (Jonathan Browning/Bloomberg)

Jonathan Browning / Bloomberg:
UK’s CMA says Facebook will face an in-depth review of its $400M purchase of GIPHY after the company failed to address antitrust concerns  —  – CMA says second-phase investigation will run to Sept. 15  — Authority has cited concerns the deal may hurt rival platforms

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