M&A Deal Summary

Toutiao Acquires musical.ly

On November 10, 2017, Toutiao acquired internet software and services company musical.ly for 800M USD

Acquisition Highlights
  • This is Toutiao’s 2nd transaction in the Internet Software and Services sector.
  • This is Toutiao’s largest (disclosed) transaction.
  • This is Toutiao’s 2nd transaction in the United States.
  • This is Toutiao’s 2nd transaction in California.
Investment Fate
  • musical.ly merged with another company in 2018.

M&A Deal Summary
Date 2017-11-10
Target musical.ly
Sector Internet Software and Services
Buyer(s) Toutiao
Deal Type Add-on Acquisition
Deal Value 800M USD

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

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 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Flipagram

Rolling Hills Estates, California, United States

Flipagram, Inc. is a mobile application that allows users to create and share video stories by sequencing photos, videos and music on their phones.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-02 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.

Sell -
Mergr

Product

Company

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