UK Fines Facebook £50.5 Mn Over Takeover
Sumaira FH Published October 20, 2021 | 05:20 PM
London, (APP - UrduPoint / Pakistan Point News - 20th Oct, 2021 ) :Britain's competition watchdog said Wednesday it had fined Facebook more than £50 million for failing to supply information linked to its takeover of Giphy.
The Competition and Markets Authority said the fine totalling £50.
5 million ($69.5 million, 60 million Euros) was imposed for "consciously refusing to report all the required information" concerning the takeover of the animated graphics startup it bought last year.
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