M&A Deal Summary

Facebook Acquires GIPHY

On May 15, 2020, Facebook acquired digital media company GIPHY for 400M USD

Acquisition Highlights
  • This is Facebook’s 3rd transaction in the Digital Media sector.
  • This is Facebook’s 7th largest (disclosed) transaction.
  • This is Facebook’s 57th transaction in the United States.
  • This is Facebook’s 7th transaction in New York.
Investment Fate
  • GIPHY was divested to a consortium of strategic buyers in 2023 for 53M USD.

M&A Deal Summary

Date 2020-05-15
Target GIPHY
Sector Digital Media
Buyer(s) Facebook
Deal Type Add-on Acquisition
Deal Value 400M USD

Target

GIPHY

New York, New York, United States
GIPHY is a search engine that allows users to search, share and discover animated graphics on the internet. The content on GIPHY's website, app, and API includes the most popular GIFs on the web, along with content created by talented GIF artists and world-class brands. GIPHY was founded in 2013 and is based in New York City.

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Buyer(S) 1

Buyer

Facebook

Menlo Park, California, United States

Category Company
Founded 2004
Sector Internet Software and Services
Employees74,067
Revenue 164.5B USD (2024)
DESCRIPTION
Entrance to Facebook's corporate headquarters in Menlo Park, California.
Entrance to Facebook's corporate headquarters in Menlo Park, California.

Facebook is a social utility company that helps people communicate more efficiently with their friends, family, and coworkers. Facebook develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Facebook was founded in 2004 and is based in Menlo Park, California.


DEAL STATS #
Overall 77 of 89
Sector: Digital Media M&A 3 of 6
Type: Add-on Acquisition M&A Deals 74 of 85
State: New York M&A 7 of 9
Country: United States M&A 57 of 65
Year: 2020 M&A 3 of 5
Size (of disclosed) 7 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-21 Jio

Navi Mumbai, India

Jio is a next-generation technology platform focused on providing affordable digital services across India. Jio was formed in 2019 and is based in Navi Mumbai, Maharashtra.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-22 Ready At Dawn Studios

Irvine, California, United States

Ready At Dawn is a game development studio with a single mission: making fun games a lot of people want to play. The company is in the pre-production phase of an exciting new AAA third-person action console title, based on a brand new original IP It is creating. Ready At Dawn was formed in 2003 and is based in Irvine, California.

Buy -