Reddit to acquire TikTok rival Dubsmash, users will get short-video editing and creation tools


Social network firm Reddit would buy short-video platform Dubsmash, becoming the latest company to expand in a space dominated by Chinese-owned TikTok. The financial terms of the deal were not disclosed, but the acquisition was based on a combination of cash and stock.


Reddit stated in a blog post that the deal would give its users, who can already upload and stream videos, access to Dubsmash’s editing and short-video creation tools. Dubsmash’s entire team, including co-founders Suchit Dash, Jonas Drüppel and Tim Specht, will join Reddit.

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