Giphy

Facebook’s parent Meta has given key assurances to U.K. antitrust regulators as it looks to counter concerns over how it uses advertising data to benefit its own products. The news comes in the same week as Meta revealed it was selling GIF platform Giphy for $53 million three years after buying…

Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, in the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns WASHINGTON -- Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53…

viewimage/Shutterstock Online stock-photo giant Shutterstock announced today that it's acquiring Giphy (stylized as "GIPHY") from current owner Meta in an all-cash deal worth $53 million. Reportedly, Meta paid approximately $400 million to acquire Giphy in 2020, so the sale to Shutterstock represents a significant monetary loss. Meta had little choice…

It's Mother's Day, which means it's time to perfect a message using your mom's favorite mode of communication: GIFs. Moms love a GIF, but you want to make sure you're sending her the perfect one. Here are some of the best Mother's Day GIFs the internet can offer. For the…

Kanye West wants to purchase Parler, Amazon is allegedly struggling to retain its workers, and Meta will be selling Giphy to comply to appease regulatory watchdogs. That’s all the tech news that’s trending right now, welcome to Hashtag Trending. It’s Wednesday, October 19, and I’m your host, Samira Balsara. Controversial…

UK’s Competition and Markets Authority has ordered Meta to sell Giphy after determining the deal could remove a potential competitor. The parent company of Facebook has accepted the verdict and will work closely with the CMA to undo the 2020 acquisition. The Zuckerberg owned company has been facing allegations of…

Meta will accept a ruling by UK watchdog company ordering it to sell Giphy, the animated GIF library. What happened. Meta was originally ordered to sell Giphy last year but they appealed. Today, the UK’s Competition and Markets Authority (CMA) announced that Meta had failed on five of the six…

The UK’s antitrust authority finalized its decision to force Facebook parent company Meta to sell off Giphy, the GIF search engine and database it bought for $315 million in 2020. In a press release, the Competition and Markets Authority (CMA) said that Meta’s takeover of Giphy could decrease competitors’ access…

The ongoing question around Meta’s ownership of GIPHY (or not) has taken another turn, with the UK’s antitrust regulator once again being called up on to clarify its concerns around Meta’s purchase of the GIF platform, which may or may not result in GIPHY becoming a Meta company sometime soon.…

LONDON: Britain's competition regulator said on Monday (Jul 18) it would carry out another review of Facebook owner Meta's acquisition of Giphy after a tribunal quashed its original decision to block it. Britain's Competition and Markets Authority (CMA) last year ordered Meta to sell animated images platform Giphy, which it…