Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter. The deal would come as short video app Triller seeks to capitalize on TikTok's woes. TikTok has sued the U.S. government to stave off a ban from U.S. app stores while deal negotiations continue. Triller has so far secured around $100 million in that round at a $1.25 billion valuation, according to the sources. The sources cautioned that no deal is certain and asked not to be identified because the negotiations are confidential.

Source: Daily Mail October 12, 2020 04:52 UTC