Triller Wants To Buy TikTok
Not even hotcakes are on-demand this much. Triller is the newest Tech company wanting to buyout TikTok US Operations.
Triller, a U.S.-based “social streaming” app, according to Bloomberg teamed up with an asset management firm in an attempt to buy TikTok for $20 billion. Or, more specifically, to buy parts of TikTok for $20 billion.
Those parts include TikTok’s U.S., Australian, New Zealand, and Indian components — locations where the ByteDance-owned company ran into various legal troubles, faced security concerns, and risks possible shuttering. India went so far as to ban TikTok outright in June for “[engaging] in activities which is prejudicial to sovereignty and integrity of India, defence of India, security of state and public order.”
Triller, perhaps smelling blood in the water, joins the ever-growing list of U.S. companies trying to get a piece of TikTok’s huge social media market share. As of the time of this writing, Microsoft, Twitter, Oracle, and Walmart have all reportedly expressed interest in buying TikTok’s U.S. assets.
In August, TikTok revealed that it has approximately 100 million monthly active users in the U.S.
“What’s Triller?” asked TikTok’s spokesperson.