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Bytedance to acquire Musical.ly

  • Region:

    China

  • Sector:

    Media

  • Deal Size:

  • Buy Side Company:

    Bytedance Ltd.
  • Sell Side Company:

  • Target Company:

    Musical.ly, Inc

China-based online content company, Bytedance Ltd., has announced its acquisition of Musical.ly, a mobile app that lets users record short videos to music. Financial terms of the transaction were not announced. According to the release, Musical.ly will continue to operate as an independent platform.

Tags:

M&A,M&A deals,mergers and acquisitions