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TikTok owner scrutinised over Musical.ly deal

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TikTok owner scrutinised over Musical.ly deal

The owner of Chinese video-sharing service TikTok is undergoing a national security review of its purchase of the Musical.ly app.

Axar.az reports citing Reuters.

ByteDance bought Musical.ly for $1bn (£773m) in 2017.

Quoting unnamed sources, Reuters said the deal was being probed because it had not been cleared by a US body that scrutinises acquisitions.

The investigations comes amid growing US suspicion of Chinese tech firms' activity.
Date
2019.11.01 / 23:56
Author
Axar.az
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