The tech giant acquired Giphy for $400m in 2020, but was forced to sell after the UK’s CMA claimed the deal would harm competition in the social media sector.
Read more: Meta sells Giphy at a $347m loss to comply with UK regulator
The tech giant acquired Giphy for $400m in 2020, but was forced to sell after the UK’s CMA claimed the deal would harm competition in the social media sector.
Read more: Meta sells Giphy at a $347m loss to comply with UK regulator
