Por: The Hill Tech May 24, 2023
Meta, the parent company of Facebook, sold the GIF-sharing platform Giphy to Shutterstock for $53 million, a fraction of the $400 million that the company reportedly paid for it in 2020. Shutterstock, a stock photo company, that it has reached an agreement to acquire Giphy, which it called the world’s largest collection of GIFs — Graphics Interchange Format, a compression format for images — and stickers. This was the first time that... + full article
Fox Business USA Business May 24, 2023
Peapack Private Wealth Management Managing Principal David Dietze provides insight on how investors can position their portfolios on 'Making Money.' will sell the GIF-sharing search engine Giphy at more than a $260 million loss after U.S. antitrust regulators ordered... + más
Meta’s Giphy Acquisition: Why U.K. Regulators Demand A Divestment | Forbes
Facebook parent Meta admits defeat after $400 million Giphy deal is blocked by UK regulators | CNBC
ABC News USA Business May 23, 2023
WASHINGTON -- Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, the final step to unwind the deal blocked by British regulators, who prevented the owner from purchasing the GIF-sharing platform over competition concerns.The stock image service... + más
Facebook owner Meta sells Giphy and takes plus $260M loss after UK antitrust order | Fox Business
ABC News USA Tech May 23, 2023
Forbes USA Business October 29, 2022
Getty Images Key Takeaways U.K. Regulators recently demanded that Meta, parent company of Facebook, divest its acquisition of Giphy. The lawsuit went through the court system for nearly two years as Meta tried to overturn the ruling. This final ruling was the last chance Meta... + más
Facebook parent Meta to sell Giphy, giving up battle with UK regulators | Fox Business
Fox Business USA Business October 19, 2022
Check out what's clicking on FoxBusiness.com Facebook owner Meta has given up its fight against the U.K. government's insistence that it sell animated picture platform Giphy, agreeing Tuesday to unwind its acquisition of the New York-based firm on the orders of the... + más
Meta grudgingly agrees to sell Giphy after admitting defeat in UK battle | Ars Technica
Ars Technica USA Tech October 19, 2022
Navigate Filter by topic Settings Front page layout Site theme Comment activity Sign up or login to join the discussions! Sign up to comment and more - Oct 18, 2022 4:56 pm UTC Share this story Considering that Meta bought WhatsApp and Instagram without issue, it may come as a... + más
CNBC USA Tech October 18, 2022
The logos of Facebook and Giphy.Aytac Unal Anadolu Agency via Getty Images, the owner of Facebook, admitted defeat Tuesday after U.K. competition regulators issued a final verdict ordering the company to sell its animated image-making unit Giphy.Citing the risk of a substantial... + más
Meta agrees to sell Giphy, ending battle with UK regulators | The Boston Globe
Meta agrees to sell Giphy, ending battle with UK regulators | WPLG Local 10
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