Add news
March 2010
April 2010
May 2010June 2010July 2010
August 2010
September 2010October 2010
November 2010
December 2010
January 2011
February 2011March 2011April 2011May 2011June 2011July 2011August 2011September 2011October 2011November 2011December 2011January 2012February 2012March 2012April 2012May 2012June 2012July 2012August 2012September 2012October 2012November 2012December 2012January 2013February 2013March 2013April 2013May 2013June 2013July 2013August 2013September 2013October 2013November 2013December 2013January 2014February 2014March 2014April 2014May 2014June 2014July 2014August 2014September 2014October 2014November 2014December 2014January 2015February 2015March 2015April 2015May 2015June 2015July 2015August 2015September 2015October 2015November 2015December 2015January 2016February 2016March 2016April 2016May 2016June 2016July 2016August 2016September 2016October 2016November 2016December 2016January 2017February 2017March 2017April 2017May 2017June 2017July 2017August 2017September 2017October 2017November 2017December 2017January 2018February 2018March 2018April 2018May 2018June 2018July 2018August 2018September 2018October 2018November 2018December 2018January 2019February 2019March 2019April 2019May 2019June 2019July 2019August 2019September 2019October 2019November 2019December 2019January 2020February 2020March 2020April 2020May 2020June 2020July 2020August 2020September 2020October 2020November 2020December 2020January 2021February 2021
News Every Day |

TikTok’s parent ByteDance plans to sell its Indian TikTok assets to Glance: Report

0

TikTok was banned by the Indian government last year under section 69A of the Information Technology Act post the India – China tension at the Galwan Valley border. More than six months of being non-operational in the country a report from Bloomberg now hints that the ban on the short video platform could be lifted soon.

The report suggests that parent company ByteDance is exploring a sale of its Indian operations to Glance to bring back the short video platform to the country.  The report noted, “ByteDance Ltd. 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.”

It further highlights that “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.” Notably, SoftBank backs both Glance’s parent company InMobi Pte and also TikTok’s parent ByteDance.

Tiktok most downloaded app

“The talks are between SoftBank, ByteDance and Glance and any deal will need a final seal of approval from Indian authorities. India banned thousands of Chinese apps including TikTok last year following intense hostility on the India-China border,” the report states.

Neither SoftBank nor ByteDance and Glance have commented on the matter yet.

Soon after TikTok was banned in India several Indian developers introduced alternative short video platforms to get the millions of TikTokers onboard.

Meanwhile, TikTok is non-operational in the country and has been removed from both the Google Play store as well as Apple App store. In line with the ban, ByteDance recently laid off over 1800 Indian employees.





Read also

COVID-19 vaccine codes for hard-hit communities misused in rich areas

You can now book a Lyft ride without using the app - just like a taxi

Linux server certifications becoming a must-have for IT pros




News, articles, comments, with a minute-by-minute update, now on Today24.pro



Today24.pro — latest news 24/7. You can add your news instantly now — here
News Every Day

The Joystream Manifesto