Following UK antitrust order, Meta sells Giphy to Shutterstock for $53 million after buying it for $400 million
Meta has finally found a willing buyer for Giphy, the animated GIF search engine it bought 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 in net cash paid at close,” meaning Facebook’s parent company … Read more