Shutterstock plans to acquire Giphy from Meta Platforms for $53 million. The announcement comes seven months after Meta said it would sell Giphy, which it bought for $315 million in 2020 following an order from the United Kingdom’s Competition and Markets Authority (CMA). Shutterstock has entered into a definitive agreement to acquire Giphy, and the transaction is expected...
Today in Europe, the Middle East and Africa, the U.K’s Competition and Markets authority announced that Meta is set to sell Giphy following the authority’s antitrust ruling. Meanwhile, Wise upgraded its outlook for 2022 against a backdrop of increased transaction fees for customers. Wise Hike...
Meta Platforms says it will sell the GIF generator Giphy following an order from the U.K.’s Competition and Markets Authority Tuesday (Oct. 18). According to a CMA news release, the authority “has found that Meta’s takeover of Giphy could allow Meta to limit other social...
In today’s top news from Europe, the Middle East and Africa (EMEA), buy now, pay later (BNPL) regulations are likely coming to the European Union next year while the U.S. lags behind, U.K.-based digital bank Starling has withdrawn its EU banking license application and more....
July 11, 2023
Shutterstock and OpenAI have agreed to stick together for another six years. The expanded partnership, announced Tuesday (July 11), will help Shutterstock “solidify its position as a leading provider of high-quality training data for OpenAI models,” the stock image, video and music provider said in a news release. With the new collaboration, OpenAI — creator of the artificial intelligence […]
May 23, 2023
Shutterstock plans to acquire Giphy from Meta Platforms for $53 million. The announcement comes seven months after Meta said it would sell Giphy, which it bought for $315 million in 2020 following an order from the United Kingdom’s Competition and...
October 18, 2022
Meta Platforms says it will sell the GIF generator Giphy following an order from the U.K.’s Competition and Markets Authority Tuesday (Oct. 18). According to a CMA news release, the...
July 18, 2022
Meta’s purchase of the GIF search engine Giphy will be sent back to the U.K. antitrust regulator for a further review after a court flagged concerns with the agency’s initial...
