The LA Times reports that Triller is being purchased by a Hong Kong financial services company. The agreement must be approved by the boards and must go through regulatory approval.
Once the deal goes through Triller will be a subsidiary of AGBA Group Holding Ltd. The company’s presence in Los Angeles, which has 200 employees, shall continue. Triller’s CEO told the LA Times that this was the “most efficient route” to access and secure liquidity for “rapid growth.”
Triller, a social media platform, has been involved in the streaming of combat sports. In April 2021 it purchased Fite TV.
In 2022, it was to have completed a $5 billion reverse merger but opted to go the IPO route. But that did not go forward.
With the demise of TikTok, Triller may see that this is the time to aggressively pursue a market foothold.
MPO will continue to follow.
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