UPDATE: Happy April Fool’s Day! Thanks for joking around with us! The idea of acquiring a share in TikTok is not bad either, come on. But, for this year, it comes from the creativity of our R&D department on April Fool’s Day.

Padua, April 01, 2025

TikTok and Silla Industries announce the start of preliminary talks for the Italian e-mobility company to acquire a controlling stake in the famous social media platform. The deal follows the hearing of TikTok CEO Shou Zi Chew before the U.S. Senate Judiciary Committee and is part of ByteDance’s desire to ensure the App’s continuity on digital stores such as the App Store and Google Play.

Official statements

Shou Zi Chew, CEO of TikTok, said:
“During my hearing before the U.S. Senate Judiciary Committee, I emphasized TikTok’s commitment to ensuring the safety of users, particularly minors, and described the measures taken to protect the data of international and U.S. users in particular, such as storage on Oracle Cloud and strict access control.”

Silla Industries, a leading Italian company in the field of electric mobility and advanced electric vehicle charging solutions, sees in this negotiation a great opportunity for a new course for TikTok.

Alberto Stecca, CEO of Silla Industries, said:
“We want to fully explore this opportunity to focus TikTok’s activity in promoting renewable energy around the world. Now is the time for social media to be an active part of the energy transition, just as some national administrations are showing regurgitations in favor of fossil energy use.”

Goals and next steps

The negotiations, currently in the exploratory phase, aim to secure TikTok’s new development with a focus on sustainability, without altering user data or the platform’s name, which will remain unchanged to preserve its global success. The parties expect to conclude this preliminary phase within the next 12 months, so indicatively by April 1, 2026.

Over the next few months, meetings will be held to further explore the issues of the transaction and evaluate other possible strategic partnerships for the completion of the deal.

Alberto Stecca concluded:
“Even just being considered for the continuation of this negotiation would represent a major success for us: the crowning achievement of hard work that has taken Silla Industries from being a small innovative startup to a successful SME.”

Silla Industries

An SME founded by Alberto Stecca and Cristiano Griletti in Padua, Italy, Silla Industries operates in the e-mobility sector. In 2023, it was ranked 80th among the European Fastest Growing Companies by the Financial Times. It develops and produces innovative technological solutions for the world of e-mobility and better energy management both for the consumer market with its own brand products, such as Prism, and by developing custom products for large groups, both Italian and international.
https://silla.industries