Shutterstock is set to acquire animated GIF platform Giphy from Facebook and Instagram owner Meta for $53 million in cash, a divestment that the social media company is making in order to comply with United Kingdom regulators.
Shutterstock is set to acquire animated GIF platform Giphy from Facebook and Instagram owner Meta for $53 million in cash, a divestment that the social media company is making in order to comply with United Kingdom regulators.
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