A new $20 billion bid for TikTok could see it purchased by rival Triller (and a giant investment firm)

Illustration by Alex Castro / The Verge

Bloomberg is reporting thatTikTok-rival Triller and Centricus (a London-based global investment firm) are the latest suitors looking to buy TikTok’s US business with a $20 billion bid, joining Oracle and a recently combined Microsoft / Walmart effort to acquire the popular short-form video application.

Following Bloomberg’s report, things have gotten a little weird. A spokesperson for TikTok told Reuters it has not received an offer, or ever been contacted about a potential bid. They downplayed the idea to Bloomberg, too, replying “What’s Triller?” and calling a deal “preposterous.”

And yet, Triller went on the record to confirm a bid to The Verge, claiming that it made the bid directly to TikTok owner ByteDance and not to TikTok…

Continue reading…

Original Article

You Might Also Like