Important events
Dec 202021
Seachange sails on merger talks
Could there be a TikTok rival on the cards? A possible merger with Triller sends Seachange surging 104% last week.- Short video app Triller is making waves for video delivery software specialist SeaChange International, with rumors of a potential merger with parent firm TrillerNet pushing the share price up.
- A merger could have major implications for SeaChange. TrillerNet’s most recent valuation was $1.25bn, but there are rumors that it could go for a substantial premium. With 300m users across its platforms, and expected revenues of over $250m for 2021, it's currently looking hot stuff.
- But it’s got a way to go before it rivals TikTok. Currently, Triller isn’t even in the top 50 most downloaded iPhone apps. Meanwhile, TikTok is in the top 3.
Joshua Coleman / Unsplash