U.K. Orders Facebook to Appoint Formal Hold Separate Manager for Giphy

The Competition and Market Authority is concerned that its independence is being compromised

Facebook revealed its $400 million acquisition of Giphy in May Giphy

The U.K. Competition and Market Authority weighed in on Facebook’s acquisition of Giphy Monday, expressing its concerns that the latter would not continue to be run as an independent entity.

david.cohen@adweek.com David Cohen is editor of Adweek's Social Pro Daily.