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

Por: ABC News Tech May 23, 2023

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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 said it's paying cash for Giphy, which has 1.7 billion daily users and partners including Facebook, Instagram, , and . Shutterstock said it signed a deal to give Meta... + full article



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