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Giphy

Meta Sells GIPHY To Shutterstock, Reportedly Taking A Big Loss In The Process

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…
bubmag
May 23, 2023
Giphy

This Mother’s Day, send your mom a good GIF

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…
bubmag
May 6, 2023
Giphy

Meta ordered to sell Giphy over monopoly concerns

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…
bubmag
October 19, 2022
Giphy

Meta to sell Giphy, by order of UK competition watchdog

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…
bubmag
October 18, 2022
Giphy

Meta was ordered to sell off its GIF empire

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…
bubmag
October 18, 2022
Giphy

UK tribunal quashes Meta-Giphy deal block, regulator to reconsider ruling

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…
bubmag
July 18, 2022