Allegedly a 20 Billion Dollar Offer was Made to TikTok

Short video sharing platform of ByteDance, one of the Chinese companies experiencing tension with the US administration TikTokThe issue of the sale of has continued to occupy the agenda for a while. Moreover, it is stated that there are many companies that have taken action to purchase the operations of the platform.

One of these acquisition claims came from Triller company executive Bobby Sarnevesht. The manager is an investment firm named Centricus Asset Management Ltd. In a $20 billion bid He claimed that there was. ByteDance and TikTok rejected the allegations of such an offer.

TikTok denies the allegations

Currently among the companies that want to purchase TikTok's US operations Microsoft and Oracle. However, Sarnevesht said in a statement to Reuters: "We sent our proposal directly to the ByteDance president via Centricus. We also received confirmation that this proposal was received and is being evaluated by him." he said.

A TikTok spokesperson said that Centricus and Triller did not contact the company with any offers. Sarnevesht said that this was because TikTok was not involved in the negotiations, and that Triller and Centricus were directly owned by ByteDance president. He contacted Zhang Yiming he said.

However, ByteDace company also said that they were not aware of an offer from Triller and Centricus. A source claimed to have knowledge of the financial details of the agreement is 20 billion dollars He stated that the proposal will be financed by Centricus. Sarnevesht, “They are doing everything they can to discredit our offer because they don't want it to be seen as real.” he said.

Triller, an application similar to TikTok, 65 million monthly active users TikTok has 100 million users in the USA. We will see shortly what the outcome of the tension between the US administration and TikTok will be.