Brief: Facebook announced in a blog post Friday that it acquired the image-sharing platform Giphy. The deal came in at around $400 million, according to Axios, which first reported the news. Giphy will join the Instagram team and see its GIF library further integrated into the app, along with other […]
400m
Sony targets China’s Gen Z with $400m stake in Bilibili
NEW YORK — Sony will buy a $400 million stake in Bilibili, a Nasdaq-listed Chinese video platform popular with millennials for its animation and gaming content. The deal, announced Thursday, will give Sony a 4.98% holding in the Shanghai-based company, making it the fourth-largest outside shareholder behind Alibaba Group Holding, Tencent Holdings and Loyal Valley Capital. The move […]