Triller Group Deconsolidates BKFC Following Loss of Control

Reuters
Jan 26
Triller Group Deconsolidates BKFC Following Loss of Control

Triller Group Inc. has announced an accounting change regarding its investment in Bare Knuckle Fighting Championship (BKFC). Although Triller held a majority equity interest in BKFC following its acquisition by AGBA Group Holding Limited on October 15, 2024, the company determined that it no longer had control over BKFC's key decisions and economic activities. As a result, Triller will no longer consolidate BKFC as a subsidiary in its financial statements, but will instead account for its investment at cost under ASC 321, effective from the acquisition date. This change follows an internal review by Triller’s Audit Committee and management.

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