Centricus also said in its bid that it is open to the participation of existing investors and American companies. “We are not and have not been in any discussions with Centricus regarding TikTok,” he said. The Journal has reviewed correspondence showing Mr. Zhang has communicated about the bid with Centricus advisers in China. When Bloomberg reported on the Centricus bid in late August, TikTok publicly brushed it off. The company has relationships with investors across the world, including several sovereign-wealth funds, but it is unclear who is backing its TikTok bid.

Source: Wall Street Journal October 07, 2020 15:00 UTC