If you can’t beat ’em, buy ’em.
That appears to the thinking of Triller, a U.S.-based “social streaming” app, which according to Bloomberg teamed up with an asset management firm in an attempt to buy TikTok for $20 billion. Or, more specifically, to buy parts of TikTok for $20 billion.
Those parts include TikTok’s U.S., Australian, New Zealand, and Indian components — locations where the ByteDance-owned company ran into various legal troubles, faced security concerns, and risks possible shuttering. India went so far as to ban TikTok outright in June for “[engaging] in activities which is prejudicial to sovereignty and integrity of India, defence of India, security of state and public order.” Read more…
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