Facebook Acquires GIPHY for $400 Million

Facebook Acquires GIPHY for $400 Million

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Facebook has announced the acquisition of GIPHY, the world's largest library of animated GIFs and Stickers. The deal is said to be worth around $400 million.

GIPHY, a leader in visual expression and creation, is joining the Facebook company today as part of the Instagram team. GIPHY makes everyday conversations more entertaining, and so we plan to further integrate their GIF library into Instagram and our other apps so that people can find just the right way to express themselves.

Facebook notes that 50% of GIPHY's traffic comes from Facebook apps, half of that from Instagram alone. The company says that bringing the two apps together will make it easier for people to find GIFs and stickers in Stories and Direct.

Despite the acquisition, GIPHY will continue to operate its library.

GIPHY will continue to operate its library (including its global content collection), and we’re looking forward to investing further in its technology and relationships with content and API partners. People will still be able to upload GIFs; developers and API partners will continue to have the same access to GIPHY’s APIs; and GIPHY’s creative community will still be able to create great content.

You can still download GIPHY from the App Store for free.

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Facebook Acquires GIPHY for $400 MillionFacebook Acquires GIPHY for $400 MillionFacebook Acquires GIPHY for $400 Million

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