TikTok near US ban, US investors can buy this app
The TikTok app can be sold. American investors of Chinese company BiteDance are in talks with the top management of the company. Recently, Founder and CEO of ByteDans also did not refuse to sell it for the best future of this app.
Short video sharing app TikTok has been banned in India. Even in America, strict action is being taken about this app and it can be banned soon. Since the userbase of this app is very much in India and America, its parent company ByteDance is worried about the future of this app.
According to a report by The Information, many US investors are looking for an option to buy TikTok. These include investors from the US who have a significant stake in ByteDance, the parent company of Tick Talk.
ByteDans CEO had said some time ago that for the best future of this app, we are open to sell it.
The information report quoted some people with knowledge of the matter as saying, ‘ByteDance US investors are in talks with top management of the company to buy most of Tic Toc’s stake’
If this happens, that is, an American investor buys TikTok, then in this case the way for this app to come back to India can be easy. If American investors buy more and more of its stake, then in the US, this app can avoid being banned.
Voting is currently underway to take action on this app in the US and most of the representatives have voted in favor of banning it under the National Defense Authorization Act.
If American investors buy this app, then this app can remain in the US regarding the data policy. Because right now the US is also worried about the data policy of this app. This is the reason why it is also being called a threat on National Security.
Since India and the United States of America’s relations with China have deteriorated over the past few years, if Byte Dance sells this app entirely to American investors, it could make a comeback not only in the US, but also in India. is.
According to the information report, the top management talks with investors are still in the initial stages. So it is too early to say that this app can make a comeback in India again.
