UK court overturns Meta-Giphy deal block, regulator to re-evaluate decision
Britain's competition regulator said that it would carry out another review of Facebook owner Meta's acquisition of Giphy after a tribunal quashed its original decision to block it. Britain's Competition and Markets Authority (CMA) last year ordered Meta to sell animated image platform Giphy, which it acquired for a reported $400 million, because of its concerns about a possible loss of a competitor in advertising and the potential impact on social media rivals. Last month, the US tech giant partially won an appeal…