Pavel Durov denies reports he is planning to sell Telegram to

Telegram CEO Pavel Durov has denied reports that Telegram is considering selling the company to Russian owners like Mail dot ru.

According to an Aug. 5 report by local tech publication iXBT, Russia’s internet company is one of the parties interested in acquiring Telegram. Another is an as yet unidentified Russian billionaire. The information was reportedly shared by Russia-based trader and analyst, Kirill Promzin. As reported by iXBT, Promzin predicted Bitcoin’s 2017 bull run back in 2012, even calling the asset’s eventual high of $20,000.

Shortly after the iXBT’s report was published, Telegram CEO provided an official statement regarding the United States’ move against Chinese TikTok. In an Aug. 4 Telegram post, Durov said that Telegram has “always declined offers” to sell Telegram’s operations in specific countries.

Durov added:

“We are not selling Telegram – neither in part, nor in full. This will always be our position.”

The news comes shortly after Telegram reportedly shut down the test network for the Telegram Open Network, or TON, on Aug. 1, 2020. The firm officially announced plans to discontinue support of the TON testnet in early July 2020.