ByteDance in talks with Reliance to acquire TikTok in India

Vastavam web: China’s ByteDance is in early talks with Reliance Industries Ltd for investment in its video-based app TikTok’s business in India as per the reports. The two companies began conversations late last month and have not reached a deal yet, according to the report. The Indian government in June banned 59 Chinese apps, including TikTok and WeChat, for threatening its “sovereignty and integrity” after border tensions with China. As we know Microsoft Corp has also been in talks to acquire the US operations of the video-sharing app. Social media platform Twitter Inc has also expressed interest in having a deal with TikTok.