Sam Bowman on UK CMA blocking Giphy deal - International Center for Law & Economics

Sam Bowman on UK CMA blocking Giphy deal

MarketWatch – ICLE Director of Competition Policy Sam Bowman was quoted by MarketWatch in a story about the U.K. Competition and Markets Authority’s order blocking Facebook’s acquisition of Giphy. The full story is available here.

The U.K.’s Competition and Markets Authority’s attempt to scotch Meta’s $400 million acquisition of online database and search engine Giphy — the first time an overseas competition agency has ordered a Big Tech company to sell an asset — raises the specter of international regulators blocking tech deals under a “veto-like” system for global competition authorities, said Sam Bowman, director of competition policy at the International Center for Law & Economics.