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by prasadjoglekar
1710 days ago
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That price was for a global deal, not just the UK. 50.5M is likely higher than Giphy's UK revenues for a year. It does seem punitive. TFA also says that Austria fined FB ~10M for the same deal. It might all have been priced into the deal as some other comments have pointed out. If the goal is to truly deter, then the CMA should perhaps make FB unwind the deal at least in the UK. |
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Also not sure that we can measure the value to Facebook in this way. This is about strengthening Facebook's core business which is worth (just guessing) > $500bn. How much value it adds is unknown but I bet it's a lot more than the acquisition price.