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Meta sells Giphy for $53M to Shutterstock after UK blocked GIF platform purchase

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Meta sells Giphy for $53M to Shutterstock after UK blocked GIF platform purchase


Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, in 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.

#shutterstock #metaplatforms #gif

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