Meta Sells Giphy to Shutterstock in $53 Million Deal

Stock media provider Shutterstock is set to acquire the Giphy from Meta in a deal worth $ 53 million. The deal followed the UK’s Competitions and Markets Authority ruling that Meta breached competition law and must divest the platform. “This is an exciting next step in Shutterstock’s journey as an end-to-end creative platform,” said Shutterstock CEO…
Adweek Feed