The rumor comes as the Chinese company falls under intense scrutiny from US officials

Axar.az reports citing Abacus News that ByteDance, the Chinese owner of TikTok, has denied talk that it is considering selling a majority stake in its business as one of a range of options to deal with mounting pressure from the US over national security and privacy concerns.

The company’s advisors are pitching everything from an aggressive legal defense and operational separation for TikTok to sale of a majority stake to protect the value of the business, Bloomberg reported on Tuesday, citing people familiar with the matter who said that these talks were preliminary and no formal decision has been made.