The company said Giphy would add "minimal" revenue this year and it would launch efforts to increase revenue from 2024. Shares of Shutterstock, which expects the deal to close next month, rose as much as 4% premarket. tech giant to sell an already acquired company. A year later the deal was challenged by Britain's Competition and Markets Authority and its successful campaign was the first time a regulator had forced a U.S. Meta had reportedly paid $400 million for New York-based Giphy in 2020. Final amendments and approvals will happen later in the year or early 2024.įor more information, read the revision and integration plan, and the approach to compliance and transition period for the revised Code.May 23 (Reuters) - Shutterstock Inc (SSTK.N) said on Tuesday it would buy animated-images platform Giphy Inc from Meta Platforms Inc (META.O) for $53 million in cash, months after the Facebook owner had agreed to divest the company on competition concerns.īritain's competition regulator last year ordered Meta to sell Giphy over fears that it could deny or limit competitors such as Snapchat Inc (SNAP.N) and Twitter access to the target's content. The current consultation runs from 31 May to 30 July. We supplemented this with further activities to understand stakeholder perspectives, including commissioning a review of NGO recommendations and critiques of sustainability systems, and conducting interviews with representatives of sustainability systems with innovative models. The second draft of the Code incorporates feedback received in the first consultation. All comments received in the consultation are publicly available in the comment log and a synopsis of feedback is also available. The first round of consultation ran from September to December 2022. The revision and integration process is being overseen by a Steering Group, made up of a diverse group of stakeholders, who are providing guidance and support to this significant change process. Due diligence, grievance, and remediation in the ISEAL Code of Good Practice | ISEAL Community Member webinar, 12 July, 11:30-12:30.A guiding framework for monitoring, evaluation and learning | ISEAL Community Member webinar, 21 June, 10:00 – 11:00.Introducing the second draft of the ISEAL Code of Good Practice | Consultation launch webinar, 7 June, 15:00-16:00.The ISEAL Code of Good Practice: what's changed in the second draft? | ISEAL Community Member webinar, 1 June, 14:30-15:00.Participate in the following webinars to learn more about the draft Code: The ISEAL Code of Good Practice revises and integrates the ISEAL Impacts, Standard-Setting, and Assurance Codes of Good Practice, and also incorporates essential practices from the ISEAL Sustainability Claims Good Practice Guide. Approach to compliance and transition period for the revised Code (draft).Second draft of the Code in excel format.Second draft of the Code in word format.You may also wish to review the second draft of the Code: Summary of changes from the first to second drafts (for those who participated in the first consultation round).Overview of the second draft of the Code.Or give detailed feedback on Code clauses in this excel versionīefore providing feedback, please review the briefing note on the second draft of the Code, in one of the following formats.The consultation on the second draft of the ISEAL Code of Good Practice is now open! Share your views to help shape more effective solutions to sustainability challenges.
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