{"id":384685,"date":"2021-12-22T23:01:34","date_gmt":"2021-12-22T20:01:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tiktok-rival-triller-set-to-go-public-in-5b-reverse-merger-deal\/"},"modified":"2021-12-22T23:01:34","modified_gmt":"2021-12-22T20:01:34","slug":"tiktok-rival-triller-set-to-go-public-in-5b-reverse-merger-deal","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tiktok-rival-triller-set-to-go-public-in-5b-reverse-merger-deal\/","title":{"rendered":"#TikTok rival Triller set to go public in $5B reverse merger deal"},"content":{"rendered":"<p>&#8220;<strong>#TikTok rival Triller set to go public in $5B reverse merger deal<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Short-video <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>\u00a0Triller\u00a0will go public through a reverse merger with SeaChange International Inc, in a deal that will value the combined entity at around $5 billion, the companies said on Wednesday.<\/p>\n<p>Investors have committed to invest $250 million as part of the deal, Reuters reported last week, citing a person familiar with the matter.<\/p>\n<p>A reverse merger is a deal wherein a private company goes public by buying a listed company.<\/p>\n<p>The deal comes after the owner of the short-video app shelved plans to list through a merger with a blank-check firm last year, as investor sentiment soured on what has been one of the biggest trends on Wall Street.<\/p>\n<p>Triller\u00a0was also looking at the direct listing method of listing shares, Reuters reported in June.<\/p>\n<p>The company also owns\u00a0Triller\u00a0Fight Club, a live-event platform in partnership with rapper Snoop Dogg and operates\u00a0TrillerTV, a long-form content streaming platform with more than 65 original shows.<\/p>\n<p>Shares of SeaChange were last up 70% at $3.05 in early trading. SeaChange, a provider of video delivery, advertising, and streaming platforms, has a market capitalization of nearly $88 million, according to data from Refinitiv.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/triller-to-go-public-reverse-merger3.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Logos of Triller and TikTok seen on a smartphone screen \" class=\"wp-image-20583727\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/triller-to-go-public-reverse-merger3.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/triller-to-go-public-reverse-merger3.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/triller-to-go-public-reverse-merger3.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Triller\u2019s deal with SeaChange International will value the combined entity at around $5 billion.<\/figcaption><figcaption><span class=\"credit\">dpa\/picture alliance via Getty Images<\/span><\/figcaption><\/figure>\n<\/div>\n<p>The combined company will be named\u00a0TrillerVerz Corp and will be led by Mahi de Silva, the chief executive officer of\u00a0Triller\u2019s parent company.<\/p>\n<p>TrillerVerz will trade on the Nasdaq following deal close, which is expected in the first quarter of next year, and the ticker symbol will change to \u201cILLR\u201d from \u201cSEAC.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/12\/22\/tiktok-rival-triller-set-to-go-public-in-5b-reverse-merger-deal\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#TikTok rival Triller set to go public in $5B reverse merger deal&#8221; Short-video app\u00a0Triller\u00a0will go public through a reverse merger with SeaChange International Inc, in a deal that will value the combined entity at around $5 billion, the companies said on Wednesday. Investors have committed to invest $250 million as part of the deal, Reuters&#8230;<\/p>\n","protected":false},"author":1,"featured_media":384686,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/12\/triller-to-go-public-reverse-merger.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[122360,5055,5007,74947],"class_list":["post-384685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-12-22-21","tag-apps","tag-ipo","tag-snoop-dogg"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/384685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=384685"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/384685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/384686"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=384685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=384685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=384685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}