Meta has finally found a willing buyer for Giphy, the animate GIF search engine it toptechtrends.com/2020/05/15/facebook-to-acquire-giphy-in-a-deal-reportedly-worth-400-million/” target=”_blank” rel=”noopener”>acquired for $400 million three years ago.
The move comes some seven months after the U.K.’s antitrust authority toptechtrends.com/2022/10/18/meta-giphy-acquisition-cma-sale-order/” target=”_blank” rel=”noopener”>issued a final order for Meta to sell Giphy, on the grounds that the merger reduced dynamic competition.
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toptechtrends.com/2023/05/23/meta-sells-giphy-to-shutterstock-for-53m-after-uk-divestment-order/”>Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M by toptechtrends.com/author/paul-sawers/”>Paul Sawers originally published on toptechtrends.com/”>TechCrunch
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