Facebook is acquiring Giphy for a reported $400M to boost its social platforms

Facebook Inc. today revealed that it’s acquiring Giphy Inc., the startup behind the GIF animated image sharing platform of the same name, in a deal an Axios report pegged at $400 million. Giphy was founded in 2013 and has raised around $150 million from investors including Lightspeed Venture Partners. The startup was reportedly valued at about $600 […]
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