TikTok says it has not received a bid from Centricus and Triller

TikTok says it has not received a bid from Centricus and Triller

Bloomberg News reported earlier on Friday, citing a person familiar with the matter, that Centricus, which is seeking to partner with Triller and other investors, submitted a US$20 billion bid to ByteDance for TikTok's assets in the United States, Australia, New Zealand and India.

FILE PHOTO: A TikTok logo is displayed on a smartphone
FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

Bloomberg News reported earlier on Friday, citing a person familiar with the matter, that Centricus, which is seeking to partner with Triller and other investors, submitted a US$20 billion bid to ByteDance for TikTok's assets in the United States, Australia, New Zealand and India.

The TikTok spokesman said Centricus and Triller had not contacted the company about an offer. Centricus and Triller could not be immediately reached for comment.

ByteDance has been ordered by President Donald Trump to divest TikTok in the United States, amid security concerns over the personal data it handles. Microsoft Corp and Oracle Corp are among the U.S. companies vying to acquire the assets of TikTok, which claims about 100 million monthly active users in the United States.

ByteDance is expected to pick a bidder to enter into exclusive talks soon.

(Reporting by Echo Wang in New York)

Source: Reuters

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