Facebook may have to sell GIF-maker Giphy on UK competition concerns

Facebook bought Giphy, a website for making and sharing animated images, or GIFs, in May last year to integrate it with its photo-sharing app, Instagram.

Britain might require Facebook to sell GIF website Giphy after the country's competition regulator said its investigation found the deal between the two companies would hurt the display advertising market.

Facebook, the world's largest social media company, bought Giphy, a website for making and sharing animated images, or GIFs, in May last year to integrate it with its photo-sharing app, Instagram. The deal was reported as worth $400m (€337m) by Axios.