Shutterstock to Buy Giphy from Meta After U.K. Regulator Orders Sale

Shutterstock Inc. said 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. Britain's competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors such as Snapchat Inc. and Twitter access to the target's content.

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