American investors are trying to buy the social network TikTok

American investors are trying to buy the social network TikTok, developed by the Chinese company ByteDance. This is reported by the Financial Times, citing sources.

It is noted that plans to purchase the application from the Chinese owner began to be implemented against the background of its possible ban in the United States. According to sources, venture capital firms General Atlantic and Sequoia Capital have made the greatest progress in this. In addition, private equity companies from New York and technology firms from Silicon Valley have shown interest in the possible deal.

It is currently unknown what price investors are willing to offer. It is noted that the app is not considered to be profitable despite its large audience in India and the West.

Earlier, Secretary of State Mike Pompeo announced that the United States was thinking about blocking the Chinese TikTok application. The campaign headquarters of US President Donald Trump has accused the social network of surveillance.

The TikTok app was launched in 2017. The application is mainly used by teenagers and young children. The social network has already been blocked in India and Hong Kong.