Read more about ByteDance explores sale of Indian TikTok ops to rival firm Glance: Report on Business Standard. The discussions, initiated by Japan s SoftBank Group Corp, are private, early and complex, the report said
TikTok parent company ByteDance is said to be exploring the sale of TikTok India business to rival firm Glance, according to a Bloomberg report. The talks reportedly initiated by Softbank are said to in the early stages.
New Delhi: 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.
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 Pte as well as TikTok s Chinese parent, ByteDance.The discussions involve four sides, the people said.
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.
South Korean E-Commerce Giant Coupang Files for U S IPO morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/softbank-backed-coupang-reveals-revenue/"></div>(Reuters) – South Korean e-commerce giant Coupang Inc, backed by Japan’s SoftBank Group Corp, on Friday filed to go public on the New York Stock Exchange, hoping to cash in on strong demand for high-growth tech stocks as it reported a near-doubling of annual revenue and narrowing losses. Coupang is aiming for a valuation of […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/softbank-backed-coupang-reveals-revenue/"&g