Home / English News / Britain fines Facebook $70 million for breaching order in Giphy deal

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

(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)



Source link

Leave a Reply