UK fines Facebook £50.5 mn over takeover
20 Oct, 2021
LONDON: Britain's competition watchdog said Wednesday it had fined Facebook more than £50 million for failing to supply information linked to its takeover of Giphy.
The Competition and Markets Authority said the fine totalling £50.5 million ($69.5 million, 60 million euros) was imposed for "consciously refusing to report all the required information" concerning the takeover of the animated graphics startup it bought last year.
Comments are closed on this story.