American investors attempting to buy the social network TikTok, developed by the Chinese company ByteDance. This publication reports the Financial Times citing sources.

It is noted that the plans to buy apps from the Chinese owner started to implement against the backdrop of a possible ban in the United States. According to sources, the greatest progress was achieved venture capital firm General Atlantic and Sequoia Capital. In addition, interest in a possible deal showed private equity companies from new York and technology firms from Silicon valley.

At the moment it is unknown what price are willing to offer investors. It is noted that the application is not considered profitable, in spite of the large audience in India and in the West.

Earlier, Secretary of state Mike Pompeo said that in the United States are thinking about blocking Chinese apps TikTok. The social network has blocked in India and Hong Kong.