LA-based Triller agrees to merge with SeaChange, taking the TikTok rival public at a $5B valuation, up from $1.25B in a recent round (Gillian Tan/Bloo

[Techmeme]

Gillian Tan / Bloomberg:
LA-based Triller agrees to merge with SeaChange, taking the TikTok rival public at a $5B valuation, up from $1.25B in a recent round — Triller, a social-video platform, agreed to a merger with Seachange International Inc. in a move that will take the smaller rival to TikTok public.