TikTo

ByteDance may sell TikTok for US accusations.

TikTok app

TikTok is back in the eye of the hurricane. Having been pointed out by the government of Donald Trump a short time ago, now it is judged again by the same, according to some alleged allegations.

Apparently, The popular application involves a security risk for the United States, so it is being evaluated from head to toe. This would make ByteDance, which is the developer of this, plan to sell it, in order to get rid of problems with the North American country.

Previously, TikTok, the popular short video application, was accused of collecting data from US users and sending it to China. Now, it seems that ByteDance is considering multiple options for its defense against this accusation, but not without considering the possibility of having to leave the app.

TikTok

TikTok, one of the most popular social networking applications in the world

According to a report, ByteDance, selling the majority stake in TikTok, could generate a collection of around 10 billion US dollars, figure not negligible. This evaluation was calculated after the app's valuation increased in 2019 as it gained worldwide popularity. Some news agencies have also stated that the company is currently one of the startups most valuable in the world. Unfortunately, tensions between the United States and China, in the form of trade disputes, threaten their operations and future growth.

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If ByteDance sold TikTok, the most logical option would be to offer a majority stake in TikTok to financial investors. It should be noted that companies such as SoftBank, Sequoia Capital and Susquehanna International are large financial firms that were one of the first investors in the application. Therefore, a sale of its majority stake could allow the parent company to take advantage when the application is extremely popular and avoid future difficulties.