TikTok says it has not received a bid from Centricus and Triller Inc

The TikTok spokesman said Centricus and Triller had not contacted the company about an offer. Centricus and Triller could not be immediately reached for comment

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TikTok | ByteDance | Microsoft

Reuters 

Photo: Shutterstock
ByteDance is expected to pick a bidder to enter into exclusive talks soon. Photo: Shutterstock

Investment firm Centricus Asset Management Ltd and social media app Triller Inc have not submitted an offer for the assets that China's is seeking to a divest, a spokesman for the short video app said on Friday.

Bloomberg News reported earlier on Friday, citing a person familiar with the matter, that Centricus, which is seeking to partner with Triller and other investors, submitted a $20 billion (15.14 billion pounds) bid to for TikTok's assets in the United States, Australia, New Zealand and India.

The spokesman said Centricus and Triller had not contacted the company about an offer. Centricus and Triller could not be immediately reached for comment.

has been ordered by President Donald Trump to divest in the United States, amid security concerns over the personal data it handles. Corp and Oracle Corp are among the U.S. vying to acquire the assets of TikTok, which claims about 100 million monthly active users in the United States.

ByteDance is expected to pick a bidder to enter into exclusive talks soon.

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First Published: Sat, August 29 2020. 08:09 IST