Meta Fined Again By Uk Regulator Over Giphy Merger
The $400 million Meta-Giphy deal has been under review by the competition watchdog since June 2020, a month after the deal was announced. The competition regulator on Friday said it fined Meta £1.5 million as the company failed to disclose the resignation of key staff, which is a requirement of the investigation. According to the CMA, Meta failed to notify the regulator about the resignation of three key employees and the reallocation of their roles....