Meta sells Giphy to Shutterstock at a $260m loss
Facebook parent Meta has sold animated-gif search engine Giphy at a loss after a UK regulator blocked its acquisition of the company.
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Facebook parent Meta has sold animated-gif search engine Giphy at a loss after a UK regulator blocked its acquisition of the company.
The Competition and Markets Authority (CMA) has blocked the $68.7bn (£55bn) deal over concerns that it would stifle competition in the cloud gaming market.
The deal would mark the end of the independence of Finnish mobile game industry, which burst onto the scene when Rovio launched its slingshot-bird game more than a decade ago.
Japanese gaming group Sega has offered to buy the creator of the popular Angry Birds franchise, Finland's Rovio, in a deal worth more than 700 million euros ($770 million), the companies said Monday.
HELSINKI: Japanese gaming group Sega has offered to buy the creator of the popular Angry Birds franchise, Finland's Rovio, in a deal worth more than 700 million euros (US$770 million), the companies said Monday (Apr 17). The deal would mark the end of the independence of Finnish mobile game makers, which b