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Centricus, Triller Seek to Buy TikTok Assets for $20 Billion

  • London firm, video app said to propose $10 billion up front
  • Bid includes assets in U.S., Australia, New Zealand, India
    
Photographer: Hollie Adams/Bloomberg
Updated on

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.