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May 24, 2023

U.K. Regulator Orders Meta to Sell Giphy; U.S. Judge Dissolves American Airlines-JetBlue Partnership
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Meta, the parent company of Facebook and Instagram, will sell the
GIF-sharing website Giphy to Shutterstock for $53 million - at a loss of
over $260 million - after an order by British antitrust regulators.

In other antitrust news, a federal judge has ordered American Airlines
and Jet Blue to end their partnership in the Northeast, siding with the
Justice Department, which argued the alliance would reduce competition
and lead to higher costs for travelers. The Justice Department also has
a pending anti-monopoly suit against the $3.8 billion merger of Jet Blue
and fellow budget carrier Spirit Airlines.


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