TikTok could be sold to American investors to avert US ban, reports say

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TikTok could be sold to American investors to avert US ban, reports say
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US investors are reportedly considering buying TikTok from Chinese parent company ByteDance in an effort to save the video-sharing app's sizeable foothold in America

US investors are reportedly considering buying the video sharing app from Chinese parent company ByteDance in an effort to save TikTok's sizeable foothold in America. A group of investors, including venture capital firms Sequoia and General Atlantic, are mulling buying a majority stake, according to The Information and the Financial Times.

Sequoia did not respond to a request for comment outside of regular working hours. TikTok has been trying to distance itself from its Beijing-based owner for months. TikTok hired Disney veteran Kevin Mayer as CEO in May. Its main office is in Los Angeles County, and it has offices in London, Paris, Berlin, Dubai, Mumbai, Singapore, Jakarta, Seoul and Tokyo.

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