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December 19, 2017 05:15 pm GMT
In November, the popular lip-syncing app Musical.ly announced its acquisition by Chinese social media giant Toutiao, owned by Bytedance, in a deal sources said was valued at $800 million to $1 billion. Today, the acquisition has completed, with Musical.ly officially joining Bytedance, the companies said. In addition, Musical.ly announced the launch of a $50 million “Creator Fund”… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/ITqP50vrlmA/
Musical.ly launches $50 million creator fund to build out its community
In November, the popular lip-syncing app Musical.ly announced its acquisition by Chinese social media giant Toutiao, owned by Bytedance, in a deal sources said was valued at $800 million to $1 billion. Today, the acquisition has completed, with Musical.ly officially joining Bytedance, the companies said. In addition, Musical.ly announced the launch of a $50 million “Creator Fund”… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/ITqP50vrlmA/
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