All posts tagged: Giphy

Following UK antitrust order, Meta sells Giphy to Shutterstock for M after buying it for 0M

Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M

Meta has finally found a willing buyer for Giphy, the animate GIF search engine it acquired for $400 million three years ago. The move comes some seven months after the U.K.’s antitrust authority issued a final order for Meta to sell Giphy, on the grounds that the merger reduced dynamic competition. This is breaking, refresh for updates… Source link