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Los Angeles-based mobile video sharing and creation company Flipagram , let by Farhad Mohit, has beenacquired by Chinese company Toutiao , the companies said this morning. Financial details of the acquisition were not announced. Toutiao said it will use the acquisition to help expand into the U.S.
Los Angeles-based mobile app developer Flipagram is looking for a buyer, and may have found one, in Chinese news aggreagtor Toutiao , according to a report Thursday. Citing "multiple sources" close to the company, Recode said Flipagram is still discussing financial terms with Toutiao, but no deal has been signed. READ MORE>>.
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