TikTok owner in spotlight for 2017 Musical.ly deal

JOEL SAGET / AFP

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

  • The Music Mix

    1:00pm - 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

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

On Dubai Eye

Business Breakfast