ByteDance acquired Shanghai-based video app Musical.ly – whose user base was largely American – for $1 billion in 2017 without seeking CFIUS approval, relaunching it as TikTok the following year.
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The Shanghai News
ByteDance acquired Shanghai-based video app Musical.ly – whose user base was largely American – for $1 billion in 2017 without seeking CFIUS approval, relaunching it as TikTok the following year.
( read original story …)