The Facebook-Giphy Merger

Abstract I examine the Facebook-Giphy merger which the UK Competition and Markets Authority (CMA) blocked in 2022. The CMA’s decision marks the first time that an antitrust agency has blocked a big tech acquisition and suggests that at least some antitrust agencies are willing to take a tougher stance on mergers in the digital sector. The decision has a number of interesting features that I discuss in the paper.

Institutions

Publication Details

Journal
Review of Industrial Organization
Published
2025-12-06
DOI
https://doi.org/10.1007/s11151-025-10040-2
Primary Topic
Diverse Legal and Medical Studies
Type
article
Field-Weighted Citation Impact
0.00

Funders

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article

The Facebook-Giphy Merger

Review of Industrial Organization
Diverse Legal and Medical Studies
article

The Facebook-Giphy Merger

article en

Abstract

Abstract I examine the Facebook-Giphy merger which the UK Competition and Markets Authority (CMA) blocked in 2022. The CMA’s decision marks the first time that an antitrust agency has blocked a big tech acquisition and suggests that at least some antitrust agencies are willing to take a tougher stance on mergers in the digital sector. The decision has a number of interesting features that I discuss in the paper.

Review of Industrial Organization
Tel Aviv University (IL), Centre for European Economic Research (DE)
National University of Singapore
Openalex Percentile: Top 31%
Diverse Legal and Medical Studies
DOIOpen Access PDFOpenAlex
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The Facebook-Giphy Merger · Review of Industrial Organization (2025) | TGRS Research Map | TGRS