According to the Wall Street Journal – Musical.ly was just acquired for as much as $1 Billion 😮🎶👏
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Why Millions of Tweens Are Using Musical.ly... And Why It MattersI've been talking about the musical.ly app for quite some time now and how I have been watching its progression. If you don't know, musical.ly allows you to make short 15-second videos of yourself lip-syncing to popular music and audio bites. Think about it as a mashup of Vine, Snapchat, and DubSmash.
Musical.ly, the lip-syncing video app, is going to sell for at least $800 millionThree years ago, Musical.ly didn't exist. Now the app, which lets teens make videos of themselves lip-syncing, is set to sell for at least $800 million. The Shanghai-based company has agreed to sell to Jinri Toutiao, a Chinese media startup that had already bought Flipagram, which competed to some degree with Musical.ly, earlier this year.
Lip-Syncing App Musical.ly Is Acquired for as Much as $1 BillionMusical.ly Inc., the maker of a lip-syncing app popular among teens and tweens, has agreed to be acquired by Chinese news and information site Beijing Bytedance Technology Co. for as much as $1 billion, according to people familiar with the matter.