Austrian antitrust court gives green light to Facebook’s Giphy deal
The Hindu
Facebook bought Giphy for $315 million in 2020 to integrate the operation with its Instagram photo-sharing app.
An antitrust court in Austria on Monday approved with conditions Facebook's purchase of animated images platform Giphy, in a boost for the social media giant after a UK watchdog said the deal should be reversed.
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, a website for making and sharing GIFs, a type of animated image used often in social media and instant messaging, for $315 million in 2020 to integrate the operation with its Instagram photo-sharing app.
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