Shutterstock picks up Giphy for $53 million after UK blocks Meta’s acquisition

Giphy logo on black background. Image: Giphy

Shutterstock is buying Giphy for $53 million after Meta’s acquisition of the popular GIF platform was blocked by the UK’s competition regulator, the stock image giant has announced.

That price represents a steep discount compared to what Meta (then Facebook) reportedly agreed to pay for Giphy Read Entire Article

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