Reddit Acquires Dubsmash
December 14, 2020
Reddit has acquired short-form video app Dubsmash in an undisclosed cash-and-stock deal to accelerate its video strategy. Dubsmash — a Berlin-based short-video social platform focused on creators and underrepresented communities — will operate as its own brand within Reddit while the founders and team join Reddit to integrate Dubsmash’s video creation tools into Reddit’s product.
- Buyers
- Targets
- Dubsmash
- Industry
- Media & Entertainment
- Location
- Berlin, Germany
- Transaction Type
- Buyout
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