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The Latest Breaking News from CMA

Bank is taking a risk in cracking on with first QT sale

Longer delay might have been mildly embarrassing but would be the safer approach

The Guardian - UK

Meta Accepts UK Order to Sell Giphy after Antitrust Battle

Britain's competition regulator has ordered Facebook-owner Meta to sell animated-images platform Giphy on Tuesday after a tribunal upheld its view that the acquisition could damage its rivals and remove a potential competitor in advertising. Meta said it would accept the Competition and Markets Authority's (CMA) order to unwind the 2020…

Asharq Al-Awsat

Meta agrees to sell Giphy, ending battle with UK regulators

Facebook parent Meta says it will sell off Giphy after running out of options to thwart a ruling by U.K. regulators, who again found that the deal to buy the GIF-sharing platform would limit competition and innovation

The Independent UK

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Meta suffers blow after being ordered to abandon $315 million Giphy takeover

Meta said it would not be contesting the decision

Evening Standard

Meta ordered to sell Giphy as UK competition watchdog confirms decision

The Competition and Markets Authority has reiterated a decision it first made last year.

The Independent UK

Facebook owner Meta to sell Giphy after UK watchdog confirms ruling

CMA says takeover of gif creation website limits choice for social media users

The Guardian - UK

Country to Country 2023 Dublin line-up confirmed as festival returns to 3Arena

The three-day showcase, due to take place next March 10, 11 and 12, will see Lady A, Zac Brown Band and Thomas Rhett headline

Irish Mirror

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Drivers hit with 7p rise in petrol and diesel prices due to pound's decline

The average price of a litre of petrol at UK forecourts is currently around £1.62

Manchester Evening News

Drop in sterling adds 7p per litre to fuel bills

The Competition and Markets Authority published a review into high pump prices.

The Independent UK

Lainey Wilson, Carly Pearce celebrate at CMT Artists show

It's been a good year for country artists Lainey Wilson and Carly Pearce, who are being honored with their peers at the CMT Artists of the Year

The Independent UK

Motorola faces price controls over UK emergency services radio contract

Watchdog to rule on monopoly of police, fire and ambulance services system as excess profits head towards £1.1bn

The Guardian - UK

Inmarsat takeover on hold as CMA launches in-depth investigation

The CMA said the deal would not substantially reduce competition amid rapid expansion in the sector.

Evening Standard

Microsoft says regulators sided with Sony on Activision Blizzard acquisition

Microsoft downplays its strength in the games sector following the U.K.’s Competition and Market Authority's concerns over the ActiBlizz deal

USA Today Sports Media Group

UK trade regulators struggling to cope due to poor Brexit planning, MPs say

Commons committee warns there are still shortages of staff to deal with UK’s new status as a third country

The Guardian - UK

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Evening Standard

Morrisons £190 million McColl’s takeover set to be greenlit

Competition watchdog orders sale of 28 McColl’s sites to rubber-stamp acquisition

The Guardian - UK

Inflight wifi could be pricier if takeover of UK satellite firm goes ahead, says CMA

Competition and Markets Authority says other operators may not be able to compete after merger of Inmarsat and Viasat

Tribune News Service

Loretta Lynn, country music icon known as the ‘Coal Miner’s Daughter,’ dies at 90

LEXINGTON, Ky. — Loretta Lynn, an iconic singer who at one time was known as the Queen of Country Music, has died, according to a statement her family provided to The Associated Press. She was 90.

Daily Record

Simon Jordan floats Rangers defence after merchandise price fixing fine as he makes 'two sided argument' case

Rangers Football Club, Elite Sports and JD Sports were hit with sanctions totalling £2m by the Competition and Markets Authority.

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Daily Mirror

JD Sports, Elite and Rangers FC fined £2million over football kit price fixing

The CMA state found that Elite Sports and JD Sports fixed the retail prices of a number of Rangers FC-branded replica kits and other products, with Rangers also taking part

Manchester Evening News

JD Sports fined for fixing prices of replica football kits

The Bury-headquartered group said it would not appeal the decision

Evening Standard

JD Sports slapped with £1.5 million fine for price fixing

Elite Sports was also handed a fine of £459,000, while Rangers was fined £225,000

Irish Mirror

Rangers and sports retailers fined for price fixing merchandise

The CMA state that that Elite Sports and JD Sports broke competition law when they fixed the retail prices of a number of Rangers-branded replica kits and other clothing products

Glasgow Live

Rangers fined for price fixing kit as watchdog warns 'collusion won't be tolerated'

The Competition and Markets Authority handed the Ibrox club, JD Sports and Elite Sports fines totalling more than £2million after ruling they "worked together to keep prices high".

Birmingham Post

JD Sports, Elite Sports and Rangers FC fined more than £2m for fixing replica football kits prices

JD Sports has said it will not appeal the fine

Daily Record

Rangers hit with fine for price fixing merchandise as club and sports stores rack up £2m sanction

The Competition and Markets Authority have concluded their investigation into the club, JD Sports and Elite Sports.

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