Farnsworth Group to pay $125m for control of TikTok rival Lomotif in SG

Farnsworth Group to pay $125m for control of TikTok rival Lomotif in SG

Photo by Kit Suman on Unsplash

A group of investors, including former MoviePass Chairman Ted Farnsworth, who agreed to buy an 80% controlling stake in the Singapore video-sharing service Lomotif will pay about $125 million in the deal, according to people familiar with the matter.

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