Short video app Triller is set to go public via a reverse merger with video-tech company SeaChange International, the two companies announced on Wednesday. The combined entity will be valued at approximately $5 billion. The boards of both companies have approved the proposed merger and the deal is expected to close in the first quarter of 2022, subject to regulatory and stockholder approvals.
Similar to TikTok, Triller allows users to create and share short-form videos set to music. The Los-Angeles based company initially launched in 2015 and the app has been downloaded over 250 million times. Triller has attracted many notable users like Justin Bieber, Marshmello, The Weeknd, Alicia Keys, Cardi B, Eminem, Post Malone and Kevin Hart. The app has also inked deals with popular TikTok users, such as Charli D’Amelio and Noah Beck. Former U.S. President Donald Trump also used the app, although he hasn’t posted a …
