Rival App Reportedly Makes $20 Billion Offer for TikTok

Tiktok rival Triller and investment firm Centricus Asset Management have reportedly offered $ 20 billion for the video sharing app, which includes a list of bookies that include a partnership between software giants Oracle and Microsoft and Walmart.

Triller and Centricus are looking to acquire Ticktock’s assets not only in the US, but also in Australia, India and New Zealand, Bloomberg reported, citing a source familiar with the matter.

The validity of the report remains in question, while a Centricus representative confirmed the proposal to Bloomberg, with TickTock and parent ByteDans denying that it exists for both Bloomberg and Reuters.

Triller acting president Bobby Sarneshv said Ticktock was not involved in the talks because it was speaking directly with Zhang Yiming, president of ByteDance.

“We submitted a proposal directly to the chairman of ByteDance via Centricus, and confirmed that it was received and under consideration by him,” Sarnesh told Reuters.

However, Bytdance stated that it was also unaware of a proposal by Triller and Centricus.

Allegedly the offer will be funded by Centricus, if it comes out on top the triller could be run by officials. However, like questions surrounding Twitter’s rumored bid, it is unclear how Centricus will secure the necessary resources as it only has assets of $ 27 billion.

has reached out to Tiktok to try to gain clarity on the validity of the offer from Triller and Centricus, and we will update this article as soon as we hear back.

Trump vs Tickcock

President Donald Trump gave BiteDance until November 12 to sell Tiktok’s American assets. The executive order also requires ByteDance to destroy all user data acquired by Tiktok and its predecessor, Musik.li.

Meanwhile, Tiktok has filed a lawsuit against Trump’s executive order, which would prohibit the app from doing business in the US. The company behind the popular video-sharing app, however, would have to deal with its dispute with Trump without Kevin Mayer, who stepped down as CEO three months after assuming office.

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