Shutterstock plans to acquire Giphy from Meta for $53M in cash, after the UK CMA blocked Meta's acquisition in 2022; Meta can still access Giphy content (Yuvraj Malik/Reuters) 23-05-2023

Yuvraj Malik / Reuters:
Shutterstock plans to acquire Giphy from Meta for $53M in cash, after the UK CMA blocked Meta’s acquisition in 2022; Meta can still access Giphy content — Stock photos repository Shutterstock Inc (SSTK.N) said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc (META.O) for $53 million in cash.