Musical.ly to be sold to Chinese firm ByteDance for more than $800m

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According to reports, the deal has been agreed with a sale price of more than $800m. Lip-synching music platform Musical.ly was founded in Shanghai by Louis Yang and Alex Zhu in 2014. Some commentators have suggested that Musical.ly’s growth has begun to hit its limits as it struggles to find an audience beyond ‘Millennials’.Music Business Worldwide

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