Social-Media
TikTok 's latest $20 billion offer could see it acquired by competitor Triller (and a major investment firm)
TikTok-rival Triller and Centricus (a London-based global investment firm) are the new bidders to purchase TikTok's US $20 billion offer to join Oracle and a recently joint attempt by Microsoft / Walmart to acquire the famous short-form video app, according to Bloomberg 's report.
The Triller / Centricus deal will see Centricus pay TikTok's parent company ByteDance $10 billion in cash in advance, and another $10 billion in equity benefit from TikTok 's holdings in the US, Australia , New Zealand, and India.
Triller — which already runs a service close to TikTok, which is expected to help Centricus actively manage a social video platform after purchase — would have a minority interest in the undertaking.
TikTok 's fate has been on the air after President Donald Trump released an executive order requiring that his parent company ByteDance either sell or split off US parts of the company, citing national security issues from the Chinese business. (President Trump is clearly the largest Triller follower, with Trump opening a service account earlier in August.)
In the weeks since then, several companies have shown interest in buying TikTok 's assets, with Microsoft as an early leader, led by Oracle 's enterprise tech giant, both of which are currently in active talks with ByteDance. Since then, Microsoft has revealed an unlikely agreement with Walmart to buy TikTok 's properties. Twitter and Netflix have allegedly had conversations about future acquisitions, but it is not known if one of them is still in contention, although Alphabet and Google CEO Sundar Pichai have indicated that their company is not in existence.
