Meta Hit With New Fine as Battle for Control of Giphy Continues

Meta Inc. was fined 1.5 million pounds ($2 million) from the U.K.’s competition regulator for breaching an enforcement order during its Giphy merger probe, the latest twist in an increasingly messy fight for control of the GIF search engine.

The Facebook parent failed to inform the Competition and Markets Authority that three “key” U.S. employees had left the company, a breach of its merger investigation rules, the regulator said on Friday.

“Meta failed to alert us in advance to important changes in their staff, despite knowing they were legally required to do so,” said Joel Bamford, senior director of mergers ...