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Sun FM Gossip
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Tuesday, 22 September 2026
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Tuesday, 22 September 2026
Sun FM Gossip
TIKTOK RIVAL "TRILLER" SAID TO EXPLORE DEAL TO GO PUBLIC
Tuesday, 13 October 2020
Triller, a growing rival to the popular short video app TikTok, is in talks with blank-check acquisition companies about a link that will take the American social media company to the public, sources familiar with the matter said.
The deal comes as the thriller seeks to use TikTok‘s woes. The administration of US President Donald Trump has ordered TikTok’s Chinese parent Bite Dance to exclude the use, citing concerns that data on U.S. citizens could be accessed by the Chinese Communist Party government. While contract negotiations continue, TikTok has sued the U.S. government over a ban on U.S. utility stores.
Launched in 2015, TikTok has only a fraction of the 100 million proud users in the United States, hoping that uncertainty about its competitor's future will bring more influence and users to its site.
Sources said the thriller is working with investment bank Farvahar Partners to negotiate a potential deal called Special Purpose Acquisition Companies (SPACs). A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a private-public company, which is then traded publicly.
The deal comes as the thriller seeks to use TikTok‘s woes. The administration of US President Donald Trump has ordered TikTok’s Chinese parent Bite Dance to exclude the use, citing concerns that data on U.S. citizens could be accessed by the Chinese Communist Party government. While contract negotiations continue, TikTok has sued the U.S. government over a ban on U.S. utility stores.
Launched in 2015, TikTok has only a fraction of the 100 million proud users in the United States, hoping that uncertainty about its competitor's future will bring more influence and users to its site.
Sources said the thriller is working with investment bank Farvahar Partners to negotiate a potential deal called Special Purpose Acquisition Companies (SPACs). A SPAC is a shell company that raises money in an initial public offering (IPO) to merge with a private-public company, which is then traded publicly.
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