Facebook and Snap held talks to buy Dubsmash

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Facebook and the owner of Snapchat held conversations to buy Dubsmash, reported this Wednesday the website The Information, putting a focus on the popular video app as Microsoft tries to strike a deal to keep TikTok.

Facebook and Snap They are no longer in negotiations, according to the report.

“We admire the team, but we are not in active talks to acquire & rdquor;” said a Snap spokesperson.

Dubsmash was not immediately available for an answer and Facebook he said he would not comment on market speculation.

The news about Dubsmash It comes days after US President Donald Trump threatened to ban TikTok if its parent company, Chinese ByteDance, does not reach a divestment agreement with Microsoft within 45 days.

Trump It gave Microsoft until September 15 to reach an agreement, which could safeguard the personal data of Americans stored in the application.

Dubsmash was approached by Facebook and Snap To reach an agreement in recent weeks, he published The Information, which quoted a person familiar with the matter.

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