Chinese firm nabs social video app Musical.ly for as much as $1 billion

The popular teen lip-syncing app Musical.ly has been purchased by Chinese firm Bytedance — the company behind China's major news aggregating service Jinri Toutiao. The details of the deal haven't been disclosed but sources told the Wall Street Journ…
Source: Engadget | Chinese firm nabs social video app Musical.ly for as much as billion