The negotiations broke down over financial deal terms and "general skittishness" about selling to a company whose revenue numbers and user stats were hard to assess, per the report. Bytedance is already a household name in China, where its Toutiao information and content-recommendation service garners north of 120 million daily active users in the country - and is on track to generate about $2.5 billion in revenue this year.
Musical.ly, founded in Shanghai by Louis Yang (楊陸育) and Alex Zhu (朱駿) in 2014, exploded in popularity among U.S. teens a year ago and has since expanded beyond its flagship app for creating and sharing personal music videos.
In 2016, it rolled out a live-streaming app called Live.ly.
Toutiao's purchase of Flipagram, Musical.ly's primary rival in the self-shot-video-accompanied-by-music market, gives Bytedance dominance in soundtracks to personal videos. The Musical.ly founders and team will join Bytedance and continue to run the platform.
The Musical.ly app allows users to share 15 second videos of lip syncing popular songs and making amusing faces. The Chinese internet conglomerate also also owns several other short-form video apps for user-generated content.
WOW air plans flights out of JFK
Budget airline Wow Air has announced it is selling one-way flights from London Stansted to JFK International in NY for as low as £99 ($130).
Bytedance operates a suite of products that provide creators and users with a content experience powered by machine and deep learning algorithms.
Earlier this week ByteDance acquired news and video aggregation platform News Republic from China's Cheetah Mobile - itself an early investor in Musical.ly - for US$86.6 million. The company recently bought aggregation platform News Republic from Cheetah Mobile, which is also an investor in Musical.ly, for Dollars 86.6 million.
ByteDance is the company behind Chinese media startup Jinri Toutiao.
According to news reports, the deal's value has been estimated between $800 million and $1 billion.
Solo also spoke out about the matter via her Instagram account recently (some words have been edited by LBS). Blatter's representative called the allegation " ridiculous " in a statement to Expresso and The Guardian .
After exiting the cage, McGregor decided he was not finished with his thoughts regarding the situation ( Warning: NSFW language ). It is not immediately clear whether McGregor will face any disciplinary action by the UFC or a regulatory body.
Mitchell, a professor of early Christian literature and the New Testament at the University of Chicago Divinity School. Officials in Alabama said the opinions of national Republican leaders would have little effect on the state party.
The Times notes that FSU is not the first school to adopt such a measure in an effort to change the culture of Greek life. Florida State is at least the third university this year to suspend Greek life because of alcohol-related tragedies.
The Marion County Health Department offers free lead testing on all consumer products every Thursday from noon to 5:00 p.m. Additionally, the packaging for the brass spinner says the toy is appropriate for ages "6 and up".
Those circumstances were dramatically different than the decision that was made today on All The Money In The World . The actor has since been accused by more than dozen men of either sexually harassing or assaulting them.
Winners are determined using a combination of advanced metrics (25 percent) and coach and manager voting (75 percent). This is Hosmer's fourth Gold Glove, which ties catcher Salvador Perez for third-most among Royals players.
Scientists now found that that ability can be applied to photos of famous faces, too, Sky News reported . For the initial training, the sheep received a food reward for choosing the face versus a blank screen.
Morocco and Tunisia qualify for World Cup
Nabil Dirar scored the opener in the 25th minute with an inswinging cross that went untouched through the box and entered the net. Nigeria, Senegal and Egypt had previously sealed their spots in Russian Federation next year.
Mahindra Logistics shares fall 2.1 per cent on market debut
The broader markets too were in a bearish form, with the small-cap index falling 0.96 per cent and mid-cap dipping 0.77 per cent. The Sensex has so far touched a high of 33,280.55 points and a low of 33,135.94 points during intra-day trade.
India Inc. welcomes reduction in GST tax rates
The 23 GST Council meeting held at Guwahati restructured the GST frame and modified several tax rates for the public. The GST Council has been meeting every month since the new indirect tax regime was introduced on July 1, 2017.
Disney plans new Star Wars trilogy, TV series for SVOD
Overall, Disney's studio revenue fell 21% to $1.43 billion, because Cars 3 couldn't match 2016's Finding Dory . Rian Johnson, director of The Last Jedi instalment that opens next month, is already at work on the project.
Twitter to roll out 280-character tweets worldwide
During the test, Twitter found that users who tweeted more received more likes, retweets and mentions. Twitter says it's ending its iconic 140-character limit - and giving almost everyone 280 characters.