ByteDance in talks with India's Reliance for investment in TikTok - TechCrunch

📆 8/13/2020 1:13 AM
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The two companies began conversations late last month and have not reached a deal yet, according to the report.

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File PhotoReliance, ByteDance and TikTok did not immediately respond to Reuters requests for comment.The Indian government in June banned 59 Chinese apps, including TikTok and WeChat, for threatening its"sovereignty and integrity" after border tensions with China.

Last week, U.S. President Donald Trump unveiled bans on U.S. transactions with the China-based owners of messaging app WeChat and TikTok, escalating tensions between the two countries.Social media platform Twitter Inc has also expressed interest in having a deal with TikTok, sources familiar with the matter told Reuters late last week.

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