The transaction could be announced as soon as this week,
said the person, who asked not to be identified because the deliberations are
confidential. The source cautioned that talks could fall apart at the last
minute.
A Triller spokesman declined to comment. A Seachange
representative did not immediately respond to request for comment. Bloomberg
first reported on the talks.
Launched in 2015, Triller has been diversifying beyond short
video apps to live events, mobile gaming and pay-per-view streaming. In a sign
it no longer views itself as a direct competitor to TikTok, Triller stopped
reporting daily or monthly active users for its short video app.
TrillerNet said earlier this year it has more than 300
million users worldwide across its platforms. It has been on an acquisition
spree in recent months, snapping up livestreaming music platform Verzuz, combat
sports game streaming service Fite TV and marketing platform Amplify.ai.
TrillerNet also owns Triller Fight Club, a live-event
platform in partnership with rapper Snoop Dogg and operates TrillerTV, a
long-form content streaming platform with more than 65 original shows.
TrillerNet's projected revenue for 2021 is more than $250
million, TrillerNet's CFO Paul Kahn told Reuters in April. Acton,
Massachusetts-based Seachange is a provider of video delivery, advertising, and
streaming platforms. It has a market capitalization of $84 million.
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