Tech Company M&A Transactions
Musical.ly Acquisition
Musical.ly was purchased by Toutiao. The transaction was announced on 11/10/2017. Toutiao said the transaction price was $1 billion.
Transaction Overview
Company Name
Acquired By
Announced On
11/10/2017
Transaction Type
M&A
Amount
$1,000,000,000
M&A Terms
Bytedance, best known for its personalized news app Toutiao in China, made the acquisition to find ways to coordinate content between the two platforms, and help its effort to expand overseas, a person close to the deal said.
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
543 Bryant Street
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Website
Email Address
Not Recorded
Overview
musical.ly is a video social network for creating, sharing and discovering short videos. Every day, millions of people use musical.ly as an outlet to express themselves through singing, dancing, comedy, and lip-syncing. The app celebrates creativity with videos that are shared across the musical.ly community.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Zhu Jun
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We record funding rounds that are announced publicly. All VC database entries reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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