Facebook owner Meta told to sell Giphy as British regulator blocks acquisition
Meta, Facebook's parent, has been told by the U.K.'s competition watchdog that it must sell GIF-sharing platform Giphy.
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Meta says it will sell off Giphy following order from UK competition watchdog
Meta confirmed to The Verge that it will sell off all of the US-based Giphy’s global operations.
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Meta sells Giphy to Shutterstock to comply with UK regulator order
Shutterstock Inc said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc for $53 million in cash, months after the Facebook owner had agreed to divest the company on competition concerns.
