Reddit announced acquisition of dubsmash, a video sharing app
Social networking platform reddit announced on Monday that it had acquired dubsmash, a video sharing app, to expand its influence in user generated video, a popular area of the Internet. Reddit, 15 years old, said the acquisition of dubsmash was the company's first large-scale acquisition. The financial terms of the cash and stock deal were not disclosed. Dubsmash is a free app that allows users to create and share original videos.
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