Last year, Facebook Inc did something US technology giants have done countless times before: It bought a smaller company and closed the deal without notifying competition regulators.
But this transaction – the US$400mil (RM1.69bil) acquisition of image library Giphy Inc – was particularly bold. At the time, Facebook was under investigation by antitrust enforcers for what the government says was an illegal practice of buying companies in order to eliminate them as potential threats to its monopoly power.
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