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Online stock photo marketplace Shutterstock announced Tuesday it would acquire Giphy from Meta for $53 million. The deal is s significant loss for Meta, which acquired Giphy in 2020 for $315 million. The acquisition comes a year after the United Kingdom’s Competition and Markets Authority required Meta to divest the smaller company. The regulatory body […]
The post Giphy Sold To Shutterstock At A $260 Million Loss appeared first on Inquirer Technology.
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