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Meta offers remedy on Giphy deal to secure approval in Austria

By Nicholas Hirst and Andrew Boyce ( December 20, 2021, 16:07 GMT | Insight) -- Meta has offered concessions in Austria in a bid to secure court approval for plans to take over Giphy, according to a senior judge. He declined to give details of the offer, but it is being reviewed by a court expert. The merger was referred to Austria's cartel court in August by the competition authority, citing concerns that Meta would increase its dominance in the social-media and online-advertising markets.Meta has offered concessions in Austria in a bid to secure court approval for plans to take over Giphy, according to a senior judge....

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