The Facebook-Giphy Merger

Spiegel, Yossi

doi:doi:10.1007/s11151-025-10040-2

Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/342014

Title:

The Facebook-Giphy Merger

Authors:

Spiegel, Yossi

Year of Publication:

2025

Citation:

[Journal:] Review of Industrial Organization [ISSN:] 1573-7160 [Volume:] 68 [Issue:] 3 [Publisher:] Springer US [Place:] New York [Year:] 2025 [Pages:] 243-270

Publisher:

Springer US, New York

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.

Subjects:

Big tech merger
Antitrust
Theory of harm
Dynamic competition
Input foreclosure
Social media
Display advertising

Persistent Identifier of the first edition:

doi:10.1007/s11151-025-10040-2

Additional Information:

L41;L42

Creative Commons License: