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Meta to Sell Giphy to Shutterstock in $262 million loss!

May 24, 2023 TheCuriousEconomist Comments Off

In a surprising turn of events, Meta Platforms has sold Giphy, a popular platform for animated images, to Shutterstock, an online stock-photo marketplace, for $53 million. This is a significant loss for Meta, which bought […]

UK Blocks Microsoft’s Gaming Power Play

April 28, 2023 TheCuriousEconomist Comments Off

In a surprising move, the UK’s Competition and Markets Authority (CMA) has halted Microsoft’s $68.7 billion acquisition of video game giant Activision Blizzard. The deal would have given Microsoft control over popular titles like Call […]