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Attempted acquisition by Meta Platforms. In May 2020, it was announced that Giphy had agreed to be acquired by Facebook Inc. (now Meta Platforms), with a reported purchase price of $400 million. Facebook services had accounted for roughly half of Giphy's overall traffic.
Meta bought Giphy in 2020 with the intent to revamp it into a modernized media company. By November 2021, CMA ordered Meta to divest from the company, but Giphy petitioned the order.
Mark Zuckerberg has a habit of knowing where the puck is going, but his company will have some real work ahead of it to make Giphy an advertising powerhouse. Still, the purchase may be worth it...
In connection with this transaction, GIPHY's current owner, Meta Platforms, Inc., is entering into an API agreement to ensure continued access to GIPHY's content across Meta's platform
Meta has finally found a willing buyer for Giphy, the animate GIF search engine it acquired for $400 million three years ago.
Meta has sold animated-gif search engine Giphy to Shutterstock for $53m (£42m), despite paying $400m for it just three years ago.
In connection with this transaction, GIPHY's current owner, Meta Platforms, Inc., is entering into an API agreement to ensure continued access to GIPHY's content across Meta's platform
Facebook announced Friday that it has agreed to buy the popular GIF platform GIPHY. GIPHY will become part of Instagram, the photo-sharing app owned by Facebook, the company said. The...
Shutterstock announced Tuesday, May 23, that they will acquire Giphy from Meta Platforms for $53 million — marking a loss of hundreds of millions of dollars for the Facebook owner, who agreed to sell last year after its 2020 purchase of the GIF-sharing platform was blocked by U.K. regulators.
NEW YORK, May 23, 2023 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK), a premier partner for transformative brands, digital media and marketing companies, today announced that it entered into a definitive agreement to acquire GIPHY, Inc. from Meta Platforms, Inc. GIPHY is the world’s largest collection of GIFs and stickers that supplies ...