ByteDance in talks to sell Indian TikTok assets to rival Glance as a ban in the country takes its toll

//ByteDance in talks to sell Indian TikTok assets to rival Glance as a ban in the country takes its toll

ByteDance in talks to sell Indian TikTok assets to rival Glance as a ban in the country takes its toll

ByteDance is said to be exploring a sale of the India operations of TikTok to rival unicorn Glance, in an attempt to resuscitate the once-thriving short video sharing app that’s been banned indefinitely in the South Asian nation.The discussions have been initiated by Japan’s SoftBank Group Corp. conglomerate, according to people familiar with the talks, who declined to be identified because the talks are private as well as early and complex. SoftBank is a backer of Glance’s parent InMobi as…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2021-02-14T02:33:06+00:00 February 14th, 2021|Technology|Comments Off on ByteDance in talks to sell Indian TikTok assets to rival Glance as a ban in the country takes its toll