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Thursday, 24 September 2026
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A $20 BILLION DOLLAR BID FOR TIKTOK COULD SEE IT BOUGHT BY RIVAL APP 'TRILLER'
Monday, 31 August 2020
According to Bloomberg, TikTok-rival Triller and Centricus (a London-based global investment firm) are the latest interested parties turning a curious eye to buy TikTok’s US business with a $20 billion bid, alongside Oracle and Microsoft/Walmart in an effort to acquire the popular video-sharing application.
After the release of Bloomberg’s report, things have turned slightly weird. Apparently, A spokesperson for TikTok made a statement that it did not get any kind of offer.
Although TikTok denied any offers, Triller went to confirm a bid declaring that it proposed the offer to TikTok owner Byte Dance instead of TikTok. However, a Bytedance spokesperson, too, mentioned that the company is “unaware of any interest.”
As described by Bloomberg’s source, a Triller/Centricus offer would see Centricus pay TikTok parent company ByteDance $10 billion in cash up front, and another $10 billion in shared profit for ownership over TikTok’s assets in the US, Australia, New Zealand, and India. Triller — which has a somewhat similar service to TikTok, would assumingly help Centricus actually run a social video application after the purchase.
TikTok’s fate has been uncertain given President Donald Trump issuing an executive order requiring that its parent company ByteDance either sell or spin-off the US portions of the company, commenting on national security concerns from the China-based company.
Several weeks into this, various companies have shown an interest in buying TikTok’s assets, with Microsoft as an early frontrunner, closely followed by enterprise software giant Oracle, both of which are still in active negotiations with ByteDance. Microsoft has since announced an unexpected partnership with Walmart to purchase TikTok’s assets.
After the release of Bloomberg’s report, things have turned slightly weird. Apparently, A spokesperson for TikTok made a statement that it did not get any kind of offer.
Although TikTok denied any offers, Triller went to confirm a bid declaring that it proposed the offer to TikTok owner Byte Dance instead of TikTok. However, a Bytedance spokesperson, too, mentioned that the company is “unaware of any interest.”
As described by Bloomberg’s source, a Triller/Centricus offer would see Centricus pay TikTok parent company ByteDance $10 billion in cash up front, and another $10 billion in shared profit for ownership over TikTok’s assets in the US, Australia, New Zealand, and India. Triller — which has a somewhat similar service to TikTok, would assumingly help Centricus actually run a social video application after the purchase.
TikTok’s fate has been uncertain given President Donald Trump issuing an executive order requiring that its parent company ByteDance either sell or spin-off the US portions of the company, commenting on national security concerns from the China-based company.
Several weeks into this, various companies have shown an interest in buying TikTok’s assets, with Microsoft as an early frontrunner, closely followed by enterprise software giant Oracle, both of which are still in active negotiations with ByteDance. Microsoft has since announced an unexpected partnership with Walmart to purchase TikTok’s assets.