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Meta forced to sell Giphy to Shutterstock, takes 87% loss

Meta forced to sell Giphy to Shutterstock, takes 87% loss
theregister.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theregister.com Daily Mail and Mail on Sunday newspapers.

United Kingdom , Giphy Apis , Paul Hennessy , Meta Giphy , Markets Authority ,

Meta ordered to sell Giphy by UK regulator

The UK’s competition regulator has officially ruled that Meta’s acquisition of Giphy should be unwound. The Competition and Markets Authority (CMA) said the acquisition could harm competition. ....

United Kingdom , Giphy Gifs , Giphy Apis , Stuart Mcintosh , Competition Markets Authority Cmagov , Markets Authority , Financial Times ,