Facebook's deal for Giphy to be probed by UK watchdog

(Reuters) - Facebook’s deal for popular GIF website Giphy has caught the eye of UK’s competition watchdog, which said on Friday it had begun a probe into the deal for possibly reducing competition in the United Kingdom.

The Competition and Markets Authority (CMA) has invited comments on the transaction from any interested party. (bit.ly/2B0CX4s)

Reporting by Shanima A in Bengaluru; Editing by Maju Samuel

Source Link