CMA says firm ‘deliberately’ refused to supply information showing it had complied with order to separate businesses
Facebook has been fined £50.5m for breaching an order imposed by the UK competition regulator during its investigation into the purchase of the gif creation website Giphy.
The Competition and Markets Authority (CMA), which launched an investigation into Facebook’s $400m (£290m) takeover earlier this year, said the social networking company “deliberately” refused to supply information proving that it was complying with an initial enforcement order (IEO).
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