TikTok owner in spotlight for 2017 Musical.ly deal


TikTok's owner could be in hot water.

The firm that owns the Chinese video-sharing service is being subject to a national security review over the purchase of the Musical.ly app.

ByteDance purchased the app for AED 3.6 billion in 2017. 

According to reports, the deal is being investigated as it had allegedly not been cleared by a US body that scrutinises acquisitions.

More from Business

Coming Up on Dubai Eye

  • Dubai Eye on One

    7:00am - 11:00am

    Keeping you updated, this is The Business Breakfast, setting your agenda for the day. You're listening to Dubai Eye, live on Dubai One

  • The Music Mix

    11:00am - 2:00pm

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

On Dubai Eye

Business Breakfast