Flipagram sold to Chinese company, as Take-Two Interactive acquires F2P company for $250 million

Flipagram is a popular mobile app for creating photo and video slideshows, with over 50 million installs on just the Play Store alone. Today, Chinese company Toutiao announced they have purchased Flipagram for an undisclosed sum. In a similar vein, popular video game publisher Take-Two Interactive has acquired F2P game developer Social Point for $250 million.

Toutiao’s reasoning for purchasing Flipagram is to expand its global reach to the United States. Toutiao also hopes to bring its existing recommendations system, already used in the company’s primary app (a personalized news application), to Flipagram.

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Flipagram sold to Chinese company, as Take-Two Interactive acquires F2P company for $250 million was written by the awesome team at Android Police.

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