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TikTok Rival Triller Merging With Hong Kong Fintech Company AGBA
Triller is being sold to Hong Kong financial services company AGBA in an all-stock deal valuing the merged companies at $4 billion.
Asian financial services firm AGBA will acquire social video platform Triller in an all-stock transaction that values the merged companies at $4 billion, according to SEC filings released Thursday (April 18). In its most recent S-1 filing, the company listed CEO Bobby Sarnevesht and Proxima Media, led by Hollywood financier Ryan Kavanagh, as founding partners. “In addition, with the transaction approved by both company boards and majority shareholders, we believe this is the most efficient route for Triller to access public capital markets and secure the liquidity needed for rapid growth.”
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