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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.
Bytedance--also known as Toutiao-- had also acquired Los Angeles-based Flipagram, the developer of another mobile, social photos and video sharing app, in February. According to the two, Musical.ly will continue to operate as its own, independent platform, with founders Louis Yang and Alex Zhu joining Bytedance's team. READ MORE>>.
Los Angeles-based Flipagram (www.flipagram.com) has created a potent and wildly viral mobile app, which combines photos, music, and video to create addictive, engaging mini slideshows of your life. Farhad, tell us a bit about the story behind Flipagram -- how did you get from Bizrate to Flipagram? They were Flipagram LLC.
Los Angeles-based Flipagram (www.flipagram.com) has created a potent and wildly viral mobile app, which combines photos, music, and video to create addictive, engaging mini slideshows of your life. Farhad, tell us a bit about the story behind Flipagram -- how did you get from Bizrate to Flipagram? They were Flipagram LLC.
Faraday Future’s unpaid bills are piling up and spurring lawsuits, Chinese firm eyes acquisition of Flipagram, GumGum launches TV signage valuation tool, and more.
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