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 animated GIF search engine it acquired for $400 million three years ago. Shutterstock announced today that it has entered into an agreement with Meta to buy Giphy in a transaction that “consists of $53 million of net cash paid at closing,” meaning Facebook’s parent company … Continue reading Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M