Facebook fined £50.5m for breaching order in Giphy takeover investigation
by Mark Sweney from Technology | The Guardian on (#5QXQY)
CMA says firm deliberately' refused to supply information showing it had complied with order to separate businesses
Facebook has been fined 50.5m for breaching an order imposed by the UK competition regulator during its investigation into the purchase of the gif creation website Giphy.
The Competition and Markets Authority (CMA), which launched an investigation into Facebook's $400m (290m) takeover earlier this year, said the social networking company deliberately" refused to supply information proving that it was complying with an initial enforcement order (IEO).
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