TikTok, which has about 100 million monthly active users in the United States, is being forced to sell its U.S. business by the Trump administration, which says the app's current ties to China make it a national security threat.
Triller's supposed bid of $20 billion puts it at a similar level. But, Centricus on its website says it oversees $27 billion of assets, so, it wasn't immediately clear how the deal could be funded.
Sarnevesht insisted it was not a publicity stunt. "We are not crazy, we are not out here just pretending to have a bid and not have a bid. That doesn't make any sense. It's perplexing at least, but I think there's just an aggregate delay on their data and how they share that information," he told CNBC.
He said the reason Triller entered the bidding game late was because it was working on an implementation plan if it acquired TikTok's operations. He declined to say how much the potential deal could be worth but added that Triller planned to migrate TikTok's users, metadata and content onto its platform.
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