GovWire

Facebook, Inc / Giphy, Inc merger inquiry

Competition Markets Authority

September 4
13:02 2020

Statutory timetable

Phase 1 Action
TBC Deadline for phase 1 decision (*)
TBC Launch of merger inquiry (**)
12 June to 3 July 2020 Invitation to comment
9 June 2020 Initial enforcement order

(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.

(**) The CMA has decided to investigate this transaction and is inviting comments and has made an initial enforcement order. This case page will be updated when the CMA formally commences its phase 1 investigation.

Directions to appoint a hold separate manager

10 August 2020: On 30 July 2020, pursuant to an initial enforcement order dated 9 June 2020, the CMA directed Facebook, Inc, Tabby Acquisition Sub, Inc, Facebook UK Limited and Giphy, Inc to appoint a hold separate manager.

Directions to appoint a monitoring trustee

29 June 2020: On 19 June 2020, pursuant to an initial enforcement order dated 9 June 2020, the CMA directed Facebook, Inc, Tabby Acquisition Sub, Inc, Facebook UK Limited and Giphy, Inc to appoint a monitoring trustee.

Invitation to comment: closes 3 July 2020

12 June 2020: The Competition and Markets Authority (CMA) is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

To assist it with this assessment, the CMA invites comments on the transaction from any interested party.These comments should be provided by the deadline set out above.

Initial enforcement order

9 June 2020: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on Facebook, Inc, Tabby Acquisition Sub, Inc, Facebook UK Limited and Giphy, Inc in relation to the completed acquisition by Facebook, Inc of Giphy, Inc

Amendments/consents granted

Contact

Please send written representations about any competition or public interest to:

Sophie D Mitchell

sophie.dmitchell@cma.gov.uk

Or

James McGarrachan

james.mcgarrachan@cma.gov.uk

Please note that, due to the ongoing COVID-19 outbreak, the CMAs offices across the UK are closed until further notice. We are no longer able to accept delivery of any documents or correspondence by post or courier to any of our offices.

Published 12 June 2020
Last updated 4 September 2020 +show all updates
  1. Derogation published.

  2. Directions to appoint a hold separate manager published.

  3. Derogation 16 July 2020 published.

  4. Derogation letter published.

  5. Directions to appoint a monitoring trustee published.

  6. First published.

Related Articles

Comments

  1. We don't have any comments for this article yet. Why not join in and start a discussion.

Write a Comment

Your name:
Your email:
Comments:

Post my comment

News Calendar

Recent Comments

Follow Us on Twitter

Share This


Enjoyed this? Why not share it with others if you've found it useful by using one of the tools below: