Gadgets

UK forces Meta to halt its forced sale of Giphy | Engadget

Engadget

Shutterstock will acquire Giphy from Meta for $53M in cash after regulatory pressure forced Meta to divest; Meta paid ~$400M for Giphy in 2020; the deal is expected to close next month
OUCH! 😣 

https://www.reuters.com/markets/deals/shutterstock-acquire-giphy-inc-53-million-cash-2023-05-23/?utm_source=substack&utm_medium=email

Shutterstock will acquire Giphy from Meta for $53M in cash after regulatory pressure forced Meta to divest; Meta paid ~$400M for Giphy in 2020; the deal is expected to close next month OUCH! 😣   https://www.reuters.com/markets/deals/shutterstock-acquire-giphy-inc-53-million-cash-2023-05-23/?utm_source=substack&utm_medium=email

Shutterstock Inc said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc for $53 million in cash, months after the Facebook owner had agreed to divest the company on co

Meta sells Giphy to Shutterstock to comply with UK regulator order

Illegitimi non carborundum

Let's Geek Out 🤓