Facebook buys Giphy, popular tool for creating animated GIFs

Facebook buys Giphy, popular tool for creating animated GIFs

4 years ago
Anonymous $-9GJQVHNr8

https://apnews.com/9bd4c77fb81dbd16c17f373028d08391

Facebook has bought Giphy, a popular tool for creating the animated images known as GIFs that pepper conversations around the internet.

The companies did not disclose financial terms. Citing unnamed people familiar with the matter, Axios said the deal is valued around $400 million.