Meta to lose millions as it moves to meet UK order to sell Giphy

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Meta to lose millions as it moves to meet UK order to sell Giphy
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The company's agreement to sell the GIF library to Shutterstock will still need to be cleared with the Competition and Markets Authority.

to sell the business on the grounds the tie-up could harm social media users and UK advertisers.

Meta had acquired Giphy - a website for making, sharing and storing GIFs - to integrate with Instagram.

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