- Re/code, Wednesday, February 1, 2017 2:11 PM
Chinese news aggregator Toutiao appears to have acquired video creation app Flipagram. Per the deal, “Flipagram will retain its app and office and remain ‘completely
independent,’” Recode reports, citing a statement from Flipagram CEO Farhad Mohit. “Mohit did not share deal terms, but a source familiar with the talks told
Recode back in December that Flipagram’s investors were simply hoping to get their money back.”
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