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.