China's Bytedance Buying Musical.ly for $800 Million (Reports)
China’s giant digital content aggregator, Bytedance is poised to acquire U.S.-based social video app Musical.ly, according to reports. The deal, which is expected to be announced shortly, is priced at some $800 million, according to a report by Bloomberg. The Wall Street Journal reports a price tag as much as $1 billion. Contacted by Variety, […]