Meta will sell Giphy, the online gif database it bought in May 2020 for $400 million, the company said on Tuesday. It was given little choice in the matter, after being ordered by the UK ...

Talk about a fire sale. With limited interest in GIF platforms and UK regulators forcing a sale, Meta has decided to sell Giphy to Shutterstock for a mere $53 million. After purchasing it for $ ...

The social media giant has been ordered to sell its Giphy subsidiary as the 2020 merger raised the risk of substantially less competition in the digital advertising market. Facebook parent Meta ...

Stock-photo website Shutterstock on Tuesday said it will acquire Giphy and its online repository of animated images for $53 million, after UK antitrust regulators forced Meta to spin off the ...

That behavior didn’t exist. That’s what we worked on for the first bit, and now we have hundreds of millions of people searching every day.” Why do you think people have gravitated to Giphy ...

Meta is offloading Giphy — which maintains the world’s biggest database of animated GIFs — to content marketplace company Shutterstock, taking a steep loss on the forced sale. Shutterstock ...

Meta had reportedly paid $400 million for New York-based Giphy in 2020. A year later the deal was challenged by Britain's Competition and Markets Authority and its successful campaign was the ...