Kick streaming platform rejects $1 billion buyout offer – The fledgling live streaming service Kick recently turned down a massive $1 billion acquisition offer, according to company co-founder Bijan Tehrani.
Kick launched less than a year ago but has already made waves in the streaming industry, drawing top creators away from established platforms like Twitch. After nabbing major names like Adin Ross, xQc, and Amouranth, Kick now appears poised to challenge Twitch’s dominance.
Kick streaming platform rejects $1 billion buyout offer
During a recent stream, Kick poster child Adin Ross and fellow streamer Trainwrecks claimed Ross’ equity share in Kick could someday be worth nine figures. This seemed ambitious to many, but Tehrani stoked speculation by tweeting that Kick had already declined a $1 billion buyout.
“We turned down $1B, anything is possible,” Tehrani wrote, providing no further details about the mystery buyer.
The revelation signals Kick’s soaring valuation amid rapid early growth. Backed by high-profile investors and securing exclusive deals with creators like Ross, the company seems focused on long-term independence rather than cashing out.
Trainwreck says Adin Ross’s equity in Kick will be worth at least $100 million in 5 years
“I think from your Kick equity alone you’ll be at 9 figures” pic.twitter.com/S9QuMv9YBb
— Jake Lucky (@JakeSucky) February 10, 2024
“Look at us now, literal equity owners. The company’s doing so well right now. We’re good, we’re set,” Trainwrecks said.
Turning down such a massive offer reinforces Kick’s commitment to reshaping the streaming landscape. The company appears intent on competing with the likes of Twitch and YouTube rather than being acquired.
We turned down $1b, anything is possible 🤷♂️
— Bijan Tehrani (@BijanTehrani) February 10, 2024
With top talent migrating and exclusive partnerships emerging, Kick has clearly gained significant traction out of the gate. The reported $1 billion offer won’t be the last as Kick continues growing.
But Tehrani’s tweet suggests the ambitious platform has loftier goals than a big payday. The Kick founder’s boast implies expectations of eventual multi-billion dollar valuations as they chip away at Twitch’s market share.