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Musical.ly Sells for Almost a Billion Dollars

Discussion in 'Article Discussion' started by Melody Bot, Nov 11, 2017.

  1. Melody Bot Nov 11, 2017
    Melody Bot

    Your friendly little forum bot. Staff Member

    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.
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  2. CyberInferno Nov 12, 2017
    CyberInferno

    Line below my username Supporter

    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?
     
  3. shawnhyphenray Nov 13, 2017
    shawnhyphenray

    Regular

    I did not realize this company was big/popular enough to be sold at this high a price