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

TUAW Friday, 10 November 2017 ()
Chinese firm nabs social video app Musical.ly for as much as $1 billionThe 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...
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