L.A.-based social video platform Triller acquired by Hong Kong company

Social video platform Triller will be acquired by a Hong Kong financial services company as the Los Angeles-based firm looks to bulk itself up to counter TikTok’s dominance. The agreement has already been approved by the boards of Triller and AGBA Group Holding Ltd., though it still needs regulatory and shareholder approval, according to a statement from the companies. The deal is expected to close in late May, after which Triller will become a wholly-owned subsidiary of AGBA, which is publicly traded. Shares of AGBA jumped 150% to about $1...