Austrian antitrust court gives green light to Facebook's Giphy deal

FILE PHOTO: People are silhouetted as they pose with laptops in front of a screen projected with a Facebook logo, in this picture illustration taken in Zenica October 29, 2014. REUTERS/Dado Ruvic

VIENNA (Reuters) - An antitrust court in Austria on Monday approved with conditions Facebook's purchase of animated images platform Giphy, in a boost for the social media giant after a UK watchdog said the deal should be reversed.

Facebook bought Giphy, a website for making and sharing GIFs, a type of animated image used often in social media and instant messaging, for $315 million in 2020 to integrate the operation with its Instagram photo-sharing app.