Tuesday, May 23, 2023

Meta sells Giphy for $53M to Shutterstock after UK blocked GIF platform purchase


Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, in the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns.

source https://www.seattletimes.com/business/meta-sells-giphy-for-53m-to-shutterstock-after-uk-blocked-gif-platform-purchase/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_technology

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