4 years ago
Facebook's estimated $400 million acquisition of Giphy is now under antitrust scrutiny in the UK and Australia
Facebook's $400 million acquisition of popular GIF site Giphy is being probed by the UK's competition watchdog. Facebook announced it was buying Giphy, a searchable library of shareable images, in May. The company said Giphy will be folded into the team at Facebook-owned Instagram and its vast library of GIFs will continue to operate separately.
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