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Facebook to acquire Giphy for $400 million

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Published on 05/16/2020 @ 4 PM EST
According to a report by Axios, Facebook will acquire Giphy, the web-based animated gif search engine, and platform provider, for a deal worth $400 million. Facebook says it will invest in additional tech development for Giphy, as well as build out new relationships for it on both the content side and the endpoint developer side. 
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