Reliance Is In Early Talks To Buy Tik Tok India.

Reliance is in early talks to buy Tik Tok India.

With the prevailing ban on TikTok in India, the short-video platform is reportedly trying to have an Indian investor for its operations in the country.For the same, TikTok has been reported to have approached Mukesh Ambani-controlled Reliance Industries Limited (RIL).

 Reliance Is In Early Talks To Buy Tik Tok India.-TeluguStop.com

The anticipated business model is to follow on the lines of TikTok’s US operations, where the Chinese parent firm of TikTok, called ByteDance, had to exit the equation completely following an order by the US President Donald Trump. TikTok is now in talks with Microsoft for controlling its operations in the US.

A similar approach has now been made by the firm to Reliance Industries (RIL).A new report indicates that TikTok chief executive officer (CEO) Kevin Mayer has approached senior RIL executives to analyze if RIL is interested in a stake in the app’s India division.

Follow Us on FacebookFollow Us on WhatsAppFollow Us on Twitter