Facebook, Snap Inc held talks to buy TikTok rival Dubsmash: Report

Facebook Inc and Snapchat owner Snap Inc held talks to buy Dubsmash, the Information reported on Wednesday, putting a spotlight on pop video apps at a time when Microsoft Corp is trying to work out a deal to buy rival TikTok.

Facebook and Snap were no longer in deal talks, the report said.

“We admire the team but aren’t in active talks to acquire,” a Snap spokesman said.

While Dubsmash was not immediately available for a response, Facebook said it would not comment on market speculation.

The Dubsmash news comes days after US President Donald Trump threatened to ban China’s TikTok and prohibit transactions with its parent ByteDance if it does not reach a deal with Microsoft to divest itself in 45 days.