SoftBank is said to consider bid for TikTok in India

FILE PHOTO: Japan's SoftBank Group Corp Chief Executive Masayoshi Son bows his head after his presentation at a news conference in Tokyo, Japan, Nov. 5, 2018. REUTERS/Kim Kyung-Hoon/File Photo

SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter.

Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has held talks with the heads of India’s Reliance Jio Infocomm Ltd. and Bharti Airtel Ltd., the people said, asking not to be identified because the details are private. While discussions have fizzled since, SoftBank is still exploring options, according to the people.

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