Musical.ly to Be Bought by Bytedance in Deal Said to Be Valued at Up to $1 Billion

 

 

 

Chinese online content platform Bytedance said on Friday it would buy popular lip-sync platform Musical.ly, in a deal seen valued at up to $1 billion (roughly Rs. 6,517 crores) that underlines the global ambitions of the fast-growing tech startup.

Musical.ly, Chinese founded but popular around the world with teens posting videos of themselves to their favourite tunes, would merge with Bytedance in a deal worth $800 million – $1 billion, according to a person familiar with the plans.

The firms did not disclose financial details of the deal.

Bytedance, best known for its flagship news aggregator platform Toutiao, is one of China’s hottest tech start-ups and was valued at over $20 billion (roughly Rs. 1,30,383 crores) in a funding round earlier this year, Reuters reported in August.

The deal could help Toutiao – which has over 120 million daily active mostly in China – push into more overseas markets where Musical.ly has a bigger presence.

“(By) integrating Musical.ly’s global reach with Bytedance’s massive user base in China and key Asian markets, we are creating a significant global platform for our content creators and brands to engage with new markets,” Zhang Yiming, Bytedance chief executive, said in a statement.

Musical.ly, which would continue to operate as an independent platform, would be able to integrate Bytedance’s sophisticated artificial intelligence technology.

The lip-sync platform’s co-founders Louis Yang and Alex Zhu and their global team will join Bytedance and will continue to run the Musical.ly platform, the firm said.

 

@Zaheer Ahmad

Introduction:

Bis,Milla,Hirr,Rehma,Nir,Raheem,

Zaheer Ahmad

Assalamualaikum ,Hello Friends . My Name is Zaheer Ahmad .I am a student and persuing Diploma with Computer Science and Engineering From Fgiet.Raebareli. I am trained two day Android App Development workshop organised by Certination India . held at Fgiet.Raebareli.

This is my First blog on wordpress . this blog is related only Technology, Gadgets reviews , Tech Q&a , Daily Technology News Analisys. In This blog you know what’s new in Technology world .Daily Update . Ok So Stay Connected With me.

Samsung Exynos 9 Series 9810 SoC Launched, Based on 10nm FinFET Process

Samsung has announced a new flagship mobile processor in the Exynos 9 series, built on the 10nm process. As is traditional with such unveils, it can be expected that the new new Exynos 9 Series 9810 SoC will be the processor powering the company’s next flagship smartphone, the Galaxy S9.

The Samsung Exynos 9810 packs the company’s third-generation custom CPU cores and also comes with an upgraded GPU. Samsung is also touting support for Gigabit LTE modem which can offer what Samsung calls industry’s first 6CA (carrier aggregation) support. Samsung says that the new Exynos 9 Series 9810 SoC has been built on second-generation 10nm process technology.

The Exynos 9 Series is said to be the company’s first processor chipset built on the 10-nanometre FinFET process technology.

The South Korean company earlier this year unveiled its premium application processor, the Exynos 9 Series 8895. Some of the highlights of the Exynos 9 Series 8895 processor were embedding of a Gigabit LTE modem that can support five carrier aggregation, or 5CA. It supports LTE Cat. 16 with download speeds of up to 1Gbps and upload speeds of up to 150Mbps (Cat. 13). The chipset was used in the Samsung Galaxy S8 and Galaxy S8+ as well as the company’s Galaxy Note 8 phablet.

Rumours have pointed to early next year launch of the Qualcomm Snapdragon 845 SoC which could be seen as the competitor to the Exynos 9 Series 9810 SoC. The Snapdragon 845 SoC is said to be built on a new faster, more efficient 7nm fabrication process. Furthermore, the new Qualcomm SoC is also said to debut on the Galaxy S9 next year.

For Samsung’s upcoming flagships, the company is widely expected to retain Infinity Displays which allow the 5.8-inch and 6.2-inch screens to come with a relatively compact factor. The upcoming Galaxy S9 and Galaxy S9+ smartphones are rumoured to use the same screen sizes as well as the same curved design first seen on the Galaxy S8 and Galaxy S8+.

@Zaheer Ahmad