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Shutterstock To Buy GIPHY From Meta Platforms For $53 Mln In Cash

Shutterstock, Inc. (SSTK), a provider of stock photography, said on Tuesday that it has inked a deal to acquire GIF library and search engine GIPHY, Inc. from Meta Platforms, Inc. ....

Paul Hennessy , Giphy Inc , Meta Platforms Inc , Shutterstock Inc , Meta Platforms ,

Facebook Parent Meta Agrees to Sell Giphy for $53 Million on Regulator's Order

Meta bought the social-media animated-images company for $315 million in 2020 ....

Colin Kellaher , Str Zuma , Dow Jones Company Inc , Meta Platforms , All Rights , Market Research Public Relations , Public Relations , Digital Content Services , Multimedia Content Services , Advertising Marketing Public Relations , Business Consumer Services , Media Content Distribution , Online Service Providers , Media Entertainment , Social Media Platforms Tools , Corporate Crime Legal Action , Regulation Government Policy , Ownership Changes , Acquisitions Mergers Shareholdings , Acquisitions Mergers , Corporate Actions , Corporate Industrial News , Political General News , Crime Legal Action , Content Types , Factiva Filters ,

Meta Sells Giphy for $53 Million to Shutterstock. U.K. Regulators Win.

The photo repository company is paying Facebook s parent $53 million, hundreds of millions less that what Meta paid. ....

Online Service Providers , Media Entertainment , Social Media Platforms Tools , Regulation Government Policy , Ownership Changes , Acquisitions Mergers Shareholdings , Anti Competition Issues , Acquisitions Mergers , Corporate Actions , Corporate Industrial News , Content Types , Factiva Filters , C Ampe Industry News Filter , North America , Meta Platforms , Activision Blizzard , Government Policy , Industrial News , Social Media Platforms ,

Meta complies with UK order, sells Giphy to Shutterstock at a huge loss

Meta has complied with an order from the United Kingdom's Competition and Markets Authority (CMA) to sell Giphy, the search engine for GIFs it acquired in mid-2020. ....

United Kingdom , Alex Chung , Jace Cooke , Paul Hennessy , Markets Authority ,

Shutterstock | Meta sells Giphy to Shutterstock to comply with United Kingdom regulator order

Giphy boasts of the world's largest repository of animated images, popularly called GIFs, and web-based stickers which are used on platforms such as Facebook, Instagram, TikTok and Microsoft Teams ....

United Kingdom , Paul Hennessy , Shutterstock Inc , Snapchat Inc , Meta Platforms Inc , Giphy Inc , New York Based Giphy , Markets Authority , United Kingdom ,