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by on April 4, 2018
The Musical.ly founders are singing a happy tune as sources say the company has been sold for as much as $1 billion. The company has been acquired by the Chinese news and information site Beijing Bytedance Technology Co., sources familiar with the matter told the Wall Street Journal. The Shanghai-based Musical.ly was founded in 2014 by Alex Zhu and Lulu Yang. It is an app popular with teens and tweens, used to lip-sync popular songs and mimic dances in video form. A user creates a video selfi...
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