M&A Deal Summary

TikTok Acquires musical.ly

On August 2, 2018, TikTok acquired internet software and services company musical.ly from Toutiao

Acquisition Highlights
  • This is TikTok’s 1st transaction in the Internet Software and Services sector.
  • This is TikTok’s 1st transaction in the United States.
  • This is TikTok’s 1st transaction in California.

M&A Deal Summary

Date 2018-08-02
Target musical.ly
Sector Internet Software and Services
Buyer(s) TikTok
Sellers(s) Toutiao
Deal Type Merger

Target

musical.ly

San Francisco, California, United States
musical.ly, Inc. is a global video community. musical.ly is a platform that connects individuals to a vibrant and highly-engaged community of content creators. Musical.ly was established in 2013 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

TikTok

Los Angeles, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

ByteMod Pte. Ltd. is a provider of platform for for short-form mobile videos. ByteMod is based in Los Angeles, with global offices in London, Tokyo, Seoul, Shanghai, Beijing, Singapore, Jakarta, Mumbai, and Moscow.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Toutiao

Beijing, China

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

Toutiao is an app for Chinese news and feeds. Toutiao was established in 2012 and is headquartered in Beijing, China.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-10 musical.ly

San Francisco, California, United States

musical.ly, Inc. is a global video community. musical.ly is a platform that connects individuals to a vibrant and highly-engaged community of content creators. Musical.ly was established in 2013 and is based in San Francisco, California.

Buy $800M