1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Facebooks Acquisition of GIPHY: Potential Competition Issues Updated April 6, 2021 On May 15, 2020, Facebook announced that it had acquired GIPHY, an online database and search engine for short looping videos without audio
2、, known as GIFs. Facebook has not integrated GIPHY with its other online platforms (i.e., websites and apps). An Interim Enforcement Order filed by the U.K. Competition and Markets Authority (CMA) on June 9, 2020, requires Facebook and GIPHY to operate as separate businesses during the CMAs investig
3、ation on the effect of the acquisition on competition. On March 25, 2021, the CMA published its initial assessment that the merger raised competition concerns. A letter from Facebook to Members of the House Subcommittee on Antitrust, Commercial, and Administrative Law states that a premerger notific
4、ation under the Hart-Scott-Rodino Act was not filed because the acquisition did not pass the relevant statutory test. In June 2020, the Department of Justice and the Federal Trade Commission were reportedly seeking to review the acquisition. Facebook is now facing antitrust lawsuits, some of which f
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