Shutterstock has acquired Giphy, the animated-images platform, from Meta Platforms for USD 53 million in net paid cash. Meta had to comply with UK's competition regulator who required Meta to sell Giphy. This was due to concerns that Meta could limit or deny competitors, including Snapchat and Twitter, access to the world’s largest GIF library’s contents. Meta previously purchased Giphy in 2020 for a staggering amount of USD 400 million estimate. As part of the deal with Shutterstock, Meta will retain access to Giphy's library across its products. Shutterstock expects the deal to close next month, with Giphy contributing "minimal" revenue this year. However, the company plans to increase revenue from Giphy starting in 2024. Giphy is known for having the world's largest repository of animated images, or GIFs, and web-based stickers. Read more in our articles including "Meta sells Giphy to Shutterstock for USD 53 million" and "OpenAI unveils GPT-5.6 with Sol, Terra, Luna AI models".
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Jun 26, 2026Shutterstock has acquired Giphy, the animated-images platform, from Meta Platforms for USD 53 million in net paid cash. Meta had to comply with UK's competition regulator who required Meta to sell Giphy.
This was due to concerns that Meta could limit or deny competitors, including Snapchat and Twitter, access to the world’s largest GIF library’s contents. Meta previously purchased Giphy in 2020 for a staggering amount of USD 400 million estimate. As part of the deal with Shutterstock, Meta will retain access to Giphy's library across its products.
Our coverage of meta giphy includes: "Meta sells Giphy to Shutterstock for USD 53 million"; "OpenAI unveils GPT-5.6 with Sol, Terra, Luna AI models"; "Microsoft to raise Xbox console prices worldwide". Each article provides unique insights and information.