Topher
Identifies as young
Didn't "quash" anything. Meta had seven grounds for "quashing" and the Tribunal rejected all but one.
"The ruling effectively means that the CMA's decision that it published in November 2021, ordering Facebook (now rebranded as Meta) to sell Giphy, is on pause, with the order now "provisional", and again set to be reassessed after Meta's lawyers are giving more documentation pertaining to the case to resubmit their own case."
"The recent judgment from the Competition Appeal Tribunal endorsed the CMA's approach to reviewing mergers that may harm innovation," a CMA spokesperson said in a statement to TechCrunch. "The CMA won on 5 of 6 grounds, with Meta winning 1 in relation to our process of sharing confidential information. We have agreed to reconsider our decision in light of this finding. We will commence our review shortly and will seek to complete the remittal within three months of today's order."

Meta's Giphy deal lives to fight another day
Facebook parent Meta's been putting up a strong fight appealing the U.K. antitrust decision investigating and ultimately ordering Meta to sell Giphy, the

In any case, what this shows us is that the Tribunal will look extremely hard at what the CMA presents and by no means do they give the CMA any leeway. They have to prove their findings to the Tribunal convincingly. Just as I've said before. My only reason for posting that the previous post cherry-picked a case that did not turn out favorably for the CMA.
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