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SeaChange Surges On Deal to Take Triller Public -Breaking

by Mike Robinson

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Sam Boughedda

Investing.com — The shares of SeaChange International Inc (NASDAQ 🙂 surged up to 80% Wednesday thanks to newsIt will merge with Triller Hold Co LLC (a.k.a. TrillerVerz plans to make the company public. The shares are up by 40% at the time of writing

Triller, a social network service that allows video sharing and uploads to YouTube, is Triller. Triller has broadcast sporting events like boxing, under its Triller Fight Club banner, and music events under “Verzuz”. It showed the Roy Jones Jr fight, which was fought by Mike Tyson.

It is anticipated that the proposed merger will result in an estimated $5 billion increase in value for combined companies.

TrillerVerz stated to investors that it was positioned for a top-ranked AI-powered social networking platform. SeaChange, which will now be called “TrillerVerz Corp” after the deal is closed, will have its ticker symbol change from “SEAC” (now “ILLR”) to “TrillerVerz Corp”.

The merger was approved by both boards. This is scheduled to be completed in the first quarter 2020. Mahi de Silva (Tiller CEO) will lead the combined company. He will also be Chairman of Board.

De Silva said: “We think that combining SeaChange and SeaChange speeds our advertising, marketing and reach by extending out our reach to cable and satellite media. The proposed Business Combination will allow investors to take part in TrillerVerz’s expected growth and give TrillerVerz capital market access, which will aid growth.

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