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Social-Video App Triller Is in Merger Talks With Seachange

Triller, a social-video platform that counts TikTok among its rivals, is in talks to go public through a merger with Seachange International Inc., according to a person with knowledge of the matter.

A transaction could be announced as soon as this week, said the person, who requested anonymity because the talks are private. A transaction is set to value Triller at a premium to its most recent valuation, which was $1.25 billion, according to PitchBook. It’s possible that talks could fall apart at the last minute.