Published 3 years ago

Britain fines Facebook $70 mln for breaching order in Giphy deal

Summary by Reuters

- Britain's competition regulator has fined Facebook 50.5 million pounds ($69.6 million) for breaching an order imposed during its investigation into the U.S. social media giant's purchase of GIF platform Giphy, the agency said on Wednesday. ($1 = 0.7258 pounds) (Reporting by Sachin Ravikumar in Bengaluru; Editing by Anil D'Silva)

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BBC News

Facebook fined £50m by UK competition watchdog

The watchdog says the social media giant, which also may be changing its name, deliberately broke rules.

3 years ago·United Kingdom

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The Guardian

Facebook fined £50.5m for breaching order in Giphy takeover investigation

CMA says firm ‘deliberately’ refused to supply information showing it had complied with order to separate businesses

3 years ago·London, United Kingdom

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The Hindu

Facebook fined $70 mln in Britain for breaching order in Giphy deal

Facebook had refused to report all the required information, despite multiple warnings, the CAM said, and it therefore considered the failure to comply deliberate.

3 years ago·India

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Reuters

Britain fines Facebook $70 mln for breaching order in Giphy deal

3 years ago·United Kingdom

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NDTV

Facebook Fined Over GBP 50 Million by British Regulator: Here’s Why

Britain's competition regulator has fined Facebook GBP 50.5 million (roughly Rs. 520 crores) for breaching an order imposed during its investigation into the US social media giant's purchase of GIF...

3 years ago·New Delhi, India

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Hindustan Times

Breaking News: UK slaps fine of over £50 million on Facebook for information breach

Breaking News Updates October 20, 2021: Get latest news, breaking news, latest updates, live news, top headlines, breaking business news and top news of the hour.

3 years ago·New Delhi, India

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