L.A.-based social video platform Triller acquired by Hong Kong company
by Los Angeles Times
Los Angeles Times— Social video platform Triller will be acquired by a Hong Kong financial services company as the Los Angeles-based firm looks to bulk itself up to counter TikTok's dominance. The agreement has already been approved by the boards of Triller and AGBA Group Holding Ltd., though it still needs regulatory and shareholder approval, according to a statement from the companies. The deal is expected to close in late May, after which Triller will become a wholly-owned subsidiary of AGBA, which is publicly...
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Music Business Worldwide—TikTok rival Triller to merge with NASDAQ-listed AGBA, creating $4 billion social media and financial services company. "We believe this is the most efficient route for Triller to access public capital markets and secure the liquidity needed for rapid growth." Source