Wednesday, August 12, 2020

Report: Snap In Talks To Acquire Dubsmash

Venice, California-based Snap, the parent company of Snapchat, has reportedly been in talks with New York-based Dubsmash on an acquisition, according to The Information, which says that Facebook also has been talking with the TikTok competitor. The Information cited "a person familiar with the matter". It's unclear how serious those talks are, or if--as is typical--an investment banker or executives are shopping Dubsmash. Another, TikTok competitor--LA's Triller--has also been angling to take TikTok's position in the market, recruiting a number of top TikTok creators, as a result of the announcement last week of the banning of TikTok in the United States if it is not sold to an American company.