The decision comes a month after the same panel ruled in favour of the regulator after Meta appealed its order to cancel the merger and sell Giphy. The tribunal concluded in favour of the CMA on five of the six accusations, but on the sixth, the tribunal ruled that the CMA had failed to properly notify Meta of Snapchat’s acquisition of Gfycat, undercutting the company’s case. To correct the error, the CMA will reexamine its ruling, and Meta will be able to comment on the CMA’s final report.
