Meta to sell Giphy at $260 million+ loss

Ordered to sell by UK's competition regulator

Tom Allen
clock • 1 min read
Meta to sell Giphy at $260 million+ loss

In the same week as being hit with a $1 billion fine, Meta has agreed to sell GIF platform Giphy to stock image platform Shutterstock for $53 million: more than $260 million less than it paid for t...

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