Friday, April 19, 2024

Triller In Merger With AGBA

Los Angeles-based short form video app developer Triller--which competes against TikTok--is merging with a company called AGBA Group Holding Limited, the companies said this week. According to the two, the deal--worth $4 billion--will make AGBA 80 perecent owned by current Triller stockholders and restricted stock unit holders. The companies said that AGBA Group Holdings Limited trades on the NASDAQ as AGBA, and is a "one-stop financial supermarket based in Hong Kong offering the broadest set of financial services and healthcare products in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA)".