The information states that a group of investors led by General Atlantic and Sequoia Capital, discusses with other regulators to ease TikTok's connection to China, something that the company has been wanting lately. It could do so in the future as an American company, thus allaying the concerns of the US and Indian governments.
Following the acquisition, Bytedance, which currently owns the application video, will simply be a member without right with the minimum amount of participation in the international business. If we go back a bit, we will see that Bytedance acquired it musical.ly in 2017 and this marked the creation of an application that no one ever thought would be so successful.
The Chinese owner of TikTok may be trying to defend himself by saying that the application is safe, but the allegations of espionage, the mystery of storage data users and China's strict domestic laws are not positive for the company.
For this reason, investors from New York, Silicon Valley, expressed interest in a possible deal, but so far no one has gone through the proposal like the General Atlantic group.
Note that this news is coming to the forefront of the upcoming United States elections and the current campaign team of the President <br><br>Donald Trump bombs social media by publishing about "spy from ChinaWhile TikTok points out. In addition, the White House is already considering a lawsuit against the application and has registered it in the list of banned entities.
The initial discussions collapsed after the lifting of the immediate ban by the Indian government, which otherwise could have resulted in something useful for the company. Also, the US Committee on Foreign Investment (Cfius) has plagued TikTok and wants neither to share its technology with its rivals nor to leave the business.