{"id":164551,"date":"2023-05-25T15:24:48","date_gmt":"2023-05-25T20:24:48","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2023\/05\/meta-sells-giphy-to-shutterstock-at-a-loss-of-347-million"},"modified":"2023-05-25T15:24:48","modified_gmt":"2023-05-25T20:24:48","slug":"meta-sells-giphy-to-shutterstock-at-a-loss-of-347-million","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2023\/05\/meta-sells-giphy-to-shutterstock-at-a-loss-of-347-million","title":{"rendered":"Meta sells GIPHY to Shutterstock at a loss of $347 million"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/meta-sells-giphy-to-shutterstock-at-a-loss-of-347-million3.jpg\"><\/a><\/p>\n<p>Meta had to sell GIPHY after UK regulator blocked the deal last year.<\/p>\n<p>Shutterstock announced Tuesday that it will buy animated-image platform GIPHY from Meta for $53 million in cash. The deal is a significant loss for Meta, which had reportedly paid around $400 million to acquire the New York-based GIF search engine in 2020.<\/p>\n<p>This development comes a year after the deal was challenged by the UK\u2019s Competition and Markets Authority, which had ordered Meta to sell Giphy over anti-competitive practices.<\/p>\n<hr>\n<p>Meta has taken a more than $300 million loss on Giphy \u2013 selling off the gif search engine to the stock image service Shutterstock for $53m after the deal was blocked by UK regulators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meta had to sell GIPHY after UK regulator blocked the deal last year. Shutterstock announced Tuesday that it will buy animated-image platform GIPHY from Meta for $53 million in cash. The deal is a significant loss for Meta, which had reportedly paid around $400 million to acquire the New York-based GIF search engine in 2020. [\u2026]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-164551","post","type-post","status-publish","format-standard","hentry","category-futurism"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/164551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=164551"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/164551\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=164551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=164551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=164551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}