Facebook has agreed to buy Giphy, the popular platform of sharable animated images, according to Axios. The total deal value is around $400 million.
Giphy, styled as GIPHY, is an American online database and search engine that allows users to search for and share short looping videos with no sound, that resemble animated GIF files.
Facebook is buying Giphy for $400 million https://t.co/BJ6eThGtgT pic.twitter.com/AX1mSDM3wh
— The Verge (@verge) May 15, 2020
Scoop: Facebook buying Giphy for $400 million https://t.co/5zg1oGlO6G
— Dan Primack (@danprimack) May 15, 2020