The Facebook-Giphy Merger

Spiegel, Yossi

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

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Titel:

The Facebook-Giphy Merger

Autor:innen:

Spiegel, Yossi

Erscheinungsjahr:

2025

Quellenangabe:

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

Verlag:

Springer US, New York

Zusammenfassung:

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.

Schlagwörter:

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

Persistent Identifier der Erstveröffentlichung:

doi:10.1007/s11151-025-10040-2

Sonstige Angaben:

L41;L42

Creative-Commons-Lizenz: