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A new $20 billion bid for TikTok could see it purchased by rival Triller (and a giant investment firm)
By: Chaim Gartenberg
on August 28, 2020 at 9:41 pm
Publication: The Verge – All Posts

Illustration by Alex Castro / The Verge

TikTok-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, according to a report from Bloomberg.

The Triller/Centricus offer would see Centricus pay TikTok parent company ByteDance $10 billion in cash upfront, and another $10 billion in shared profit for ownership over TikTok’s assets in the US, Australia, New Zealand, and India. Triller — which already operates a similar service to TikTok, and presumably would help Centricus actually run a social video application after the purchase — would have a minority stake in the…

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