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Facebook's criticism of UK freeze-order approach is unfounded, CMA tells court

By Victoria Ibitoye ( April 29, 2021, 14:56 GMT | Insight) -- Facebook’s bid for exemptions from a UK freeze order relating to its acquisition of Giphy is “completely sterile,” the CMA told appeal judges today. The Enterprise Act sets a “very low threshold” for imposing such an order to prevent pre-emptive action, Marie Demetriou told the Court of Appeal. Facebook is appealing a decision by a lower court to uphold the CMA's freeze order on its acquisition of the online image database.Facebook’s bid for exemptions from a UK freeze order relating to its acquisition of Giphy is “completely sterile,” the Competition and Markets Authority told appeal judges today....

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