Cartel court allows Facebook to buy Giphy with conditions

Cartel court allows Facebook to buy Giphy with conditions

Among other things, this involves the continued granting of non-discriminatory access to the Giphy library for competitors for a period of five years after the final conclusion of all domestic and foreign antitrust proceedings, as well as support in setting up an alternative provider of a GIF library within seven years and the appointment of a condition trustee who helps with the conditions and monitors compliance with them.

This decision can be challenged at the Supreme Court (OGH) as the higher cartel court, according to the Vienna Higher Regional Court in a broadcast on Monday. As soon as the decision is final, a separate procedure should clarify the extent to which the decision will be published. Among other things, it will concern the protection of trade secrets. Therefore, no further details of the decision could be announced at this time, the court said. Facebook acquired the US platform Giphy, a search engine for animated moving images, in 2020.

Source: Nachrichten

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