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Wednesday, April 17, 2024
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TrillerNet Negotiations Could Lead to Sale, Merger

  • Bally’s is among the companies that have had discussions to purchase it.
  • TrillerNet executives were pinning the company’s valuation as high as $5 billion.

The parent company of Triller is in advanced talks with multiple companies that could result in an acquisition or merger, a source tells Front Office Sports.

Bally’s is among the companies that have had discussions to purchase TrillerNet, another source told FOS. That source was not a party to the talks between TrillerNet and the other companies.

A Bally’s spokesperson declined comment when reached by FOS on Thursday.

  • Two other interested companies are outside the sports, entertainment, and betting spaces, the source said.
  • TrillerNet reportedly had plans to go public. In the process of prepping for a direct listing by year’s end, the company received offers from “a number of large, multi-billion dollar companies,” the source said.

TrillerNet executives were pinning the company’s valuation as high as $5 billion. A recent news release stated that the Triller app has more than 300 million users.

In the past year, Triller found success staging boxing matches featuring former champs Mike Tyson and Roy Jones Jr. along with a fight between Jake Paul and ex-NBA star Nate Robinson.

“We are always exploring all alternatives to maximizing shareholder value,” a Triller spokesperson told FOS.

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