ByteDance says preliminary talks with a tech firm over TikTok have started
1 min read . Updated: 03 Aug 2020, 12:54 PM ISTByteDance initiates preliminary talks with a tech company to help it continue offering the short video app in the US
TikTok owner ByteDance said on Monday that the company had initiated preliminary talks with a tech company to help it continue offering the short video app in the United States, a source said citing an internal company letter.
President Donald Trump only agreed to allow Microsoft Corp to negotiate the acquisition of popular short-video app TikTok if it could secure a deal in 45 days, three people familiar with the matter said on Sunday.
The move represents an about-face for Trump and prompted the U.S. tech giant to declare its interest in the blockbuster social media deal that could further inflame U.S.-China relations.
ByteDance did not immediately respond to requests for comment on the letter.
Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated
RELATED STORIES
×![]()