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    UK's competition watchdog begins probe into Facebook's Giphy deal

    Synopsis

    The Competition and Markets Authority, which served an initial enforcement order to the companies in June, said it has until March 25 to make a decision.

    Facebook-5-reutersReuters
    Facebook Inc's completed acquisition of popular GIF website Giphy.
    UK's competition watchdog on Thursday launched its initial investigation into Facebook Inc's completed acquisition of popular GIF website Giphy.

    The Competition and Markets Authority, which served an initial enforcement order to the companies in June, said it has until March 25 to make a decision.


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