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Briefing
media/telecom

Triller Said to Make PE-Backed Bid for TikTok

By
Tom Dotan
· · Source: Bloomberg

Triller, an LA-based competitor to TikTok, is making a late entry in the race to acquire TikTok’s assets. The deal, which was reported by Bloomberg, is being financed by Centricus, a London-based private equity firm. It values TikTok’s assets at $20 billion and be paid $10 billion in cash and $10 billion in profit sharing. The deal is a longshot. Right now Oracle and Microsoft/Walmart are far...

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