![Meta sells Giphy to Shutterstock to comply with UK regulator order](/i/c/f22c2a58-df7f-1909-578e-82594ca354c9.webp)
Meta sells Giphy to Shutterstock to comply with UK regulator order
(Reuters) -Shutterstock Inc said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc for $53 million
2023-05-24 06:21
![Meta sells Giphy at a significant loss after UK breakup order](/i/c/d39becaf-a8cb-1b4a-1c81-dba4c204b347.webp)
Meta sells Giphy at a significant loss after UK breakup order
Stock-photo website Shutterstock on Tuesday said it will acquire Giphy and its online repository of animated images for $53 million, after UK antitrust regulators forced Meta to spin off the company last year.
2023-05-23 23:27