The report states that the two companies began conversations late last month but are yet to reach a deal.
TikToks business in India is being valued at more than $3 billion, the report added.
Nor ByteDance or TikTok have commented on the matter.
However, the Mukesh Ambani-owned company, said the news was just a speculation, reports ET.
Before the ban in June, Tiktok had amassed over 200 million users in India.
The video-sharing app is also facing a similar ban in the U.S. Microsoft is expected to submit its proposal to the U.S. government by September 15.
source: www.techworm.net
