Austrian Federal Competition Authority files application to fine Facebook for failing to notify GIPHY acquisition* Facebook cooperates with the AFCA in the course of an amicable conclusion of proceedings and accepts the fine of EUR 9.6 million requested by the AFCA. Background In the course of general market and media monitoring, the Austrian Federal Competition Authority (AFCA) became aware of the merger between the two US-based companies Facebook and GIPHY, which was implemented in May 2020. The AFCA then initiated investigations based on suspicion of a violation of the standstill obligation, as the merger had not been notified in
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The Austrian Competition Authority fines a Big Tech company for gun jumping (Facebook / Giphy)
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