Social video application Triller’s $20 Bn bid to buy out ByteDance-owned short video sharing app TikTok is only for the latter’s business in the US and doesn’t include TikTok’s India business, according to a report in Economic Times.
“I know that a $20 Bn bid has been made by Triller along with Centricus Asset Management for the TikTok US business. We understand that the focus for the bid is TikTok US and it doesn’t include India,” Anis Uzzaman, general partner and CEO of Pegasus Tech Ventures
A spokesperson for ByteDance also said that the company was unaware of any such interest from Triller. However, Triller’s CEO Mike Lu confirmed on LinkedIn that the US-based app had indeed put in a bid to acquire TikTok’s US business.