Facebook-Giphy sale shows how fear of regulators is slowing M&A market
Earlier this week, Meta sold Giphy to Shutterstock for $53 million, an eye-watering 83% markdown. The sale was forced by the U.K.’s antitrust regulator. A global network of regulators weigh in on tech deals large and small, forcing divestitures and blocking acquisition at a challenging moment for the industry. In the U.S. and abroad, regulatory … [Read more…]