TikTok in Advanced Talks to Offload its Indian Operations

TikTok in Advanced Talks to Offload its Indian Operations

Reports are emerging that Mukesh Ambani’s Reliance Industries Limited (RIL) is engaged in an early-stage exercise to evaluate the possibility of investing in TikTok’s India operations. The talks started last month itself and the deal is yet to be inked.

It is known to our readers that the Government of India has banned the app for threatening its “sovereignty and integrity” after border tensions with China. India was TikTok’s largest market outside of China with over 200 million users.

The Chinese Owner of TikTok currently employs around 2,000 people in India and their fate hangs in balance as the talks are going on. The US Government is also threatening to ban TikTok by September 15th unless its ownership changes.

Microsoft Corp has been in talks to acquire the US operations of the short-video sharing platform. Social media major, Twitter is also keen on having a deal with TikTok.

What’s streaming on OTT? Consult the experts!

Follow @mirchi9 for more User Comments
drugs narcotics caseDon't Missడ్రగ్స్ కేసు లో మహేష్ సతీమణి పేరు... మీడియా సృష్టా?సుశాంత్ సింగ్ రాజ్‌పుత్ మరణానికి సంబంధించిన డ్రగ్స్ కేసులో రోజూ కొత్త పేర్లు వస్తూనే ఉన్నాయి. రకుల్ ప్రీత్ సింగ్,...drugs narcotics caseDon't MissNews Channel Reports Mahesh Babu's Wife Name in Drugs CaseThe Drugs Case linked to Sushant Singh Rajput's Death is creating tremors in Bollywood. We...Khaali Peeli Pay per viewDon't MissFirst Test Case of Pay Per View Model on OTT To Fail Badly?Ishaan Khatter and Ananya Pandey's Khaali Peeli is the first notable Bollywood film to explore...Prabhas - Singeetham SrinivasDon't MissPrabhas21 Seeks Veteran Director’s GuidancePrabhas21 is a sci-fi movie. It is a genre that is very scarcely explored in...Nishabdham - Trailer TalkDon't MissTrailer Talk: Promising Intrigue, And Suspense And Importantly Raises ExpectationsTrailer Talk: Promising Intrigue, And Suspense And Importantly Raises Expectations After a long wait (from...
Mirchi9