TikTok Dismisses Reports Of $20 Billion Offer From U.S. Rival Triller

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A Triller executive, however, has claimed that people at TikTok’s parent company ByteDance are aware of their offer.

CNBC that his company had submitted a bid to TikTok’s Beijing-based parent ByteDance, adding “We have confirmation that the chairman and people pretty high up at ByteDance are aware of it, and, we have correspondence going.”that U.S.-based Triller had partnered with London-based investment firm Centricus Asset Management to offer $20 billion to acquire TikTok’s operations in the U.S., Australia, New Zealand and India—where the app has already been banned.

Days after issuing an executive order that requires ByteDance to divest its operations in the U.S. President Donald Trump set up a verified account on Triller, where he now has over 950,000 followers.TikTok, accusing the ByteDance-owned app of infringing its patent for stitching together multiple music videos with a single audio track.With less than three months to go until the Trump administration’s November 12 deadline for TikTok to sell its U.S.

 

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TikTok denies it's in talks with rival app Triller over potential bid for its U.S. operationsTikTok, which has about 100 million monthly active users in the United States, is being forced to sell its U.S. business by the Trump administration, which says the app's current ties to China make it a national security threat. Old Man grumpy Trump gonnna be piiiiiisssssed garcapital Lmaoo They may talk to microsoft, but the one who stabbed them? No.
Source: CNBC - 🏆 12. / 72 Read more »