Facebook, Inc / Giphy, Inc merger inquiry, by the Competition and Markets Authority (CMA) - “The CMA has referred the completed acquisition by Facebook, Inc. of GIPHY, Inc. for an in-depth investigation, on the basis that, on the information currently available to it, it is or may be the case that this merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom. Facebook was given the opportunity to offer undertakings to the CMA to address these concerns. Facebook informed the CMA on 25 March 2021 that it would not be offering any such undertakings.”www.gov.uk #