Meta sells Giphy for $53M to Shutterstock after U.K. blocked GIF platform purchase

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 Facebook owner from purchasing the GIF-sharing platform over competition concerns. The stock image service said it’s paying cash for Giphy, which has

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