Reuters, Feb 17 – TikTok’s parent company, ByteTok, is not in preliminary talks to list TikTok on the New York Stock Exchange, people familiar with the matter said. Earlier, the China Global Times reported that talks were underway.
The China Global Times said earlier on its Twitter account that ByteTok was in preliminary talks to list TikTok on the New York Stock Exchange. But shortly after, it tweeted that ByteTok denied the report.
No such talks are taking place, the source said. The sources requested anonymity because they were not authorized to speak publicly on the matter.
ByteDance did not immediately return Reuters’ request for comment.
Under pressure from the Trump administration, Bytespring has been in talks for months to finalize a deal to transfer TikTok’s U.S. assets to a new entity to allay U.S. Security concerns. Those negotiations have been continuing since Biden took office in January, sources said.
The White House said it is conducting an ongoing review of the potential risks TikTok poses to U.S. data. The U.S. Justice Department earlier this month asked two federal appeals courts to stay TikTok-related cases.
Two people familiar with the matter told Reuters earlier this month that investor plans for the TikTok deal could be delayed for months by the government’s scrutiny.
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