Facebook and Snapchat held talks to buy Dubsmash, a TikTok rival

facebook and snapchat dubsmash Rect

Dubsmash, a popular lip-syncing app is a competitor of TikTok, and as a ban of TikTok inches closer to reality in the US, it’s popularity is on the rise. That opprtunity has now been spotted by Facebook and Snapchat, according to a new report by The Information.

Facebook and Snapchat have recently held talks to buy Dubsmash, in what would be a direct move to compete with TikTok whether it gets banned or not. According to The iInformaiton, there are no on-going discussions, however initial talks reached as far enough as discussing a price tag, which is reportedly in the range of $100,000,000.

No current talks are being held, however, could resume or “widen to other-would-be acquirers”. Facebook says it is not currently in talks, and Snapchat says it admires the Dubsmash team but aren’t in active talks. Dubsmash’s President and co-founder Suchit Dash declined to comment.

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Sami
Sami started falling in love with Apple in 2010 with the iPhone 4S. As a registered developer, he deeply admires the world of Apple. Sami is an aspiring journalist, writer, and actor. He also has devoted his life to sharing his passion and knowledge with others around the world.