Fb fined $70 million by UK regulators for not cooperating on Giphy acquisition investigation

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What simply occurred? Fb has been fined $70 million (£50.5 million) for refusing to cooperate with UK competitors regulators after being requested for info relating to its acquisition of the gif-sharing platform Giphy. The positive was solely issued after a number of warnings from the UK’s Competitors and Markets Authority (CMA). Fb acquired Giphy over …
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