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New Deal


Announced

TrillerNet to acquire FITE and Amplify.ai.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

streaming platform

Domestic

Majority

Pending

Private

Online and Social Platforms

Friendly

United States

Acquisition

Synopsis

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TrillerNet, a company consolidating technology and content platforms to lead the move to Internet 3.0, agreed to acquire FITE, a streaming platform for sports and entertainment, and Amplify.ai, a global provider of conversational AI and brand amplification. Financial terms were not disclosed. "Triller has an exceptionally visionary executive team that is revolutionizing the world of sports and entertainment. We are very excited to be a part of and play a role in this process. As part of the TrillerNet, FITE will become the exclusive global digital distributor of all Triller Fight Club events going forward, and this content relationship is planned to expand in exciting new ways. We will continue to work with and serve all our content partners, and we look forward to bringing Triller's significant user base and promotional clout to all the major events we carry on the FITE platform," Kosta Jordanov, FITE Co-Founder and CEO.

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