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L.A.-based social video platform Triller acquired by Hong Kong company

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Would-be TikTok rival Triller will be acquired by Hong Kong financial services company AGBA in a deal that's expected to value the combined company at $4 billion.

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

, which is publicly traded. Shares of

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TikTok Rival Triller Merging With Hong Kong Fintech Company AGBATriller is being sold to Hong Kong financial services company AGBA in an all-stock deal valuing the merged companies at $4 billion.
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