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Is Lip-Syncing App Musical.ly Selling For $800M?

  • Re/code, Sunday, November 12, 2017 9:20 AM
A Chinese media startup named Jinri Toutiao has reportedly agreed to buy Musical.ly for around $800 million. As Recode explains, the app “lets teens make videos of themselves lip-syncing.” Regarding the deal, Recode writes: “It’s indicative of the astonishing trajectory a hit app can enjoy, fueled by a worldwide population of mobile phone owners.” Also of note, “It’s the first Chinese-bred social app to enjoy real success in the U.S.”

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