TikTok has also sued the U.S. government alleging it was deprived of due process and former CEO, Kevin Mayer, recently left the company just months after joining in June.
ByteDance is in talks with Microsoft, Oracle and other investors in the company for the sale of TikTok’s operations in the U.S., Canada, Australia and New Zealand ahead of a Sept. 15 deadline. Earlier this month, CNBC’s David Faber reported that Microsoft could buy TikTok for as much as $30 billion.
Triller’s supposed bid of $20 billion puts it at a similar level. But, Centricus on its website says it oversees $27 billion of assets, so, it wasn’t immediately clear how the deal could be funded.
Sarnevesht insisted it was not a publicity stunt. “We are not crazy, we are not out here just pretending to have a bid and not have a bid. That doesn’t make any sense. It’s perplexing at least, but I think there’s just an aggregate delay on their data and how they share that information,” he told CNBC.
He said the reason Triller entered the bidding game late was because it was working on an implementation plan if it acquired TikTok’s operations.
He declined to say how much the potential deal could be worth but added that Triller planned to migrate TikTok’s users, metadata and content onto its platform.
Source Article from https://www.cnbc.com/2020/08/31/tiktok-denies-its-in-talks-with-rival-app-triller-over-potential-bid-for-its-us-operations.html
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