Shutterstock purchased Giphy, the online library and maker of GIFs, from Facebook’s parent company Meta, the company said Tuesday, after a prolonged legal battle forced Meta to sell at a $262 ...

Facebook parent Meta will sell Giphy Inc. to Shutterstock for $53 million, well below the $400 million it paid for the platform in 2020 after U.K. regulators blocked the acquisition.

Meta is offloading Giphy — which maintains the world’s biggest database of animated GIFs — to content marketplace company Shutterstock, taking a steep loss on the forced sale. Shutterstock ...

Shutterstock is buying popular Giphy for $53 million after Meta’s $400 million acquisition of the GIF platform was blocked by the UK’s competition regulator.

Shutterstock said today it’s buying Giphy from Meta Platforms for $53 million in cash with the deal expected to close in June. Giphy has the world’s largest collection of GIFs and stickers.