Centricus Asset Management Ltd. and Triller Inc. are seeking to buy TikTok’s operations in the U.S. and several other countries from ByteDance Ltd. for $20 billion, according to a person familiar with the matter.
Investors led by London-based Centricus will partner with U.S.-based Triller, another video and music-based social networking app, which would have a minority stake in a newly proposed joint entity, said the person, who asked not to be identified discussing private negotiations.
