Facebook Facebook to acquire GIF website Giphy Giphy will become a part of Instagram, the photo-sharing site owned by Facebook. Its GIF library, which may integrate with other apps, are going to be further integrated into Instagram and other Facebook-owned apps Facebook Inc is acquiring Giphy, a well-liked website for creating and sharing animated images, or GIFs, Facebook said during a blog post on Friday. The cost, which wasn't disclosed, was placed at around $400 million by news website Axios. The companies didn't immediately answer requests for comment. The announcement comes at a time when the most important social media network is under scrutiny from regulators over antitrust concerns. Giphy will become a part of Instagram, the photo-sharing site owned by Facebook. Its GIF library, which may integrate with other apps, are going to be further integrated into Instagram and other Facebook-owned apps. "People will still be ready to upload GIFs; developer...
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