CMA fines Facebook over enforcement order breach* Facebook has been fined £50.5 million for breaching an order imposed by the CMA during its investigation into Facebook’s purchase of Giphy. A mobile phone and laptop both displaying a Facebook log in page It is standard practice to issue an initial enforcement order (IEO) at the start of an investigation into a completed acquisition. This ensures that companies continue to compete with each other as they would have without the merger, and prevents the companies involved from integrating further while a merger investigation is ongoing. The
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The UK Competition Authority fines a Big Tech company for breaching orders in the context of its acquisition of a GIF provider (Facebook / Giphy)
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