This article has been imported from chorus.fm for discussion. All of the forum rules still apply. Musical.ly is being sold for at least $800 million. Recode reports: The deal hasn’t closed yet, but Bloomberg pegs the price at $800 million, while the Wall Street Journal puts it at “$800 million to $1 billion”, which is the range I’ve heard. Without a public disclosure of the price, you’re generally safe betting on the lower number on deals like these, and assuming that the bigger number includes hard-to-hit earnout targets. Expand - View Original
How can a site that's related to one of my interests (music) but that I've never heard of sell for $800 million dollars? Is this a huge site or something? Am I just that old?