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The
discussions, initiated by Japan's SoftBank Group Corp, are
private, early and complex, the report https://bloom.bg/3pgJdsi
said, citing people familiar with the matter.
Glance's parent, mobile advertising technology firm InMobi, also
owns short-video app Roposo that has gained in popularity after
TikTok was banned by the Indian government in July last year.
SoftBank is a backer of InMobi Pte as well as TikTok's Chinese
parent, ByteDance, the report added.
Softbank, ByteDance and InMobi, did not immediately respond to
Reuters request for a comment.
Last month, ByteDance reduced its 2,000-plus India team and said
in a company memo that it's unsure of resuming operations in
India.
The move came after India decided to retain its ban on TikTok
and 58 other Chinese apps following responses from the companies
on issues such as compliance and privacy.
According to the report, the Indian government will insist that
user data and technology of TikTok stay within its borders if
the talks progress.
(Reporting by Aishwarya Nair in Bengaluru; Editing by William
Mallard & Shri Navaratnam)
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