{"id":10119,"date":"2023-05-23T13:37:46","date_gmt":"2023-05-23T11:37:46","guid":{"rendered":"https:\/\/costops.com\/index.php\/2023\/05\/23\/facebook-owner-meta-sells-giphy-at-a-loss-of-more-than-260m\/"},"modified":"2023-05-23T13:37:46","modified_gmt":"2023-05-23T11:37:46","slug":"facebook-owner-meta-sells-giphy-at-a-loss-of-more-than-260m","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/05\/23\/facebook-owner-meta-sells-giphy-at-a-loss-of-more-than-260m\/","title":{"rendered":"Facebook owner Meta sells Giphy at a loss of more than $260m"},"content":{"rendered":"<p>Stock image service Shutterstock buys gif search engine after Meta\u2019s acquisition blocked by regulators<\/p>\n<p>The owner of Facebook has taken a more than $260m (\u00a3210m) loss on Giphy \u2013 selling off the gif search engine to the stock image service Shutterstock for $53m after the deal was blocked by regulators.<\/p>\n<p>Meta said on Tuesday it is selling Giphy, the business it acquired in November 2021 for about $315m but was <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/oct\/18\/facebook-meta-sell-giphy-cma\">blocked from completing the purchase in 2022<\/a> by the UK\u2019s competition regulator, the Competition and Markets Authority (CMA).<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/may\/23\/facebook-owner-meta-sells-giphy-shutterstock-gif-search\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/019bb260075183f90fda4ab9d5c9536f4ee27b40\/0_141_1546_928\/master\/1546.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=1ef82c2e3cf25dfe501b668ef345e139\" title=\"Facebook owner Meta sells Giphy at a loss of more than $260m\" \/>Stock image service Shutterstock buys gif search engine after Meta\u2019s acquisition blocked by regulators<br \/>\nThe owner of Facebook has taken a more than $260m (\u00a3210m) loss on Giphy \u2013 selling off the gif search engine to the stock image service Shutterstock for $53m after the deal was blocked by regulators.<br \/>\nMeta said on Tuesday it is selling Giphy, the business it acquired in November 2021 for about $315m but was blocked from completing the purchase in 2022 by the UK\u2019s competition regulator, the Competition and Markets Authority (CMA). Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock image service Shutterstock buys gif search engine after Meta\u2019s acquisition blocked by regulators The owner of Facebook has taken a more than $260m (\u00a3210m) loss on Giphy \u2013 selling off the gif search engine to the stock image service Shutterstock for $53m after the deal was blocked by regulators. Meta said on Tuesday it &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/05\/23\/facebook-owner-meta-sells-giphy-at-a-loss-of-more-than-260m\/\"> <span class=\"screen-reader-text\">Facebook owner Meta sells Giphy at a loss of more than $260m<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":10120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/10119"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=10119"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/10119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/10120"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=10119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=10119"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=10119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}