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Meta sells Giphy to Shutterstock for £46m after UK blocked GIF platform purchase

Shutterstock has said it is buying Giphy from Meta Platforms for 53 million dollars (£46 million), the final step to unwind a deal blocked by British regulators over competition concerns. The stock image service said it is paying cash for the GIF-sharing platform, which has 1.7 billion daily users and partners including Facebook, Instagram, WhatsApp, […]

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