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Shutterstock will acquire Giphy from Meta for $53 million in cash, complying with the UK regulator’s order to divest the animated-images platform due to competition concerns. Shutterstock, an American provider of stock photography, footage, music, and editing tools, has announced the acquisition of Giphy Inc, the popular animated image platform owned by Meta Platforms Inc. According to the statement, Shutterstock is acquiring Giphy at an incredible discounted price of $53 million, as Meta...
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