SeaChange down as merger partner Triller announces acquisition

Tiber Ventures

25/04/2022 15:02

** Shares of SeaChange International Inc  SEAC.O  down
nearly 1% at $1.13 in choppy trading
    ** Merger partner Triller, which allows users to make short
videos, agrees to buy fan engagement platform Fangage
    ** Triller did not disclose the terms of the deal
    ** Fangage lets users host and sell exclusive content and
offer unique membership and subscription packages
    ** Triller says deal will help it gain a solid footing in
the creator economy market, by giving its users more control
over monetization tools
    ** In December, Triller had agreed to go public through a
reverse merger with SEAC in a deal that valued the merged entity
at $5 bln
    

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))