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Facebook owner Meta sells Giphy to Shutterstock for $53M after buying it for $400M just 3 years ago

Britain's competition regulator, the Competition and Markets Authority, ordered Meta to sell Giphy due to anti-competition concerns ....

United Kingdom , Paul Hennessy , Linda Yaccarino , Markets Authority , Elon Musk , Competition And Markets Authority ,

Meta to sell Giphy at $260 million+ loss

In the same week as being hit with a $1 billion fine, Meta has agreed to sell GIF platform Giphy to stock image platform Shutterstock for $53 million: more than. ....

United Kingdom , Paul Hennessy , Markets Authority , Competition And Markets Authority ,