Saturday, 1 August 2020
Technology giant Microsoft is in advance talks to acquire TikTok’s US operations, according to a media report Friday, even as President Donald Trump said his administration is considering to ban the popular Chinese-owned video app.“We’re looking at TikTok. We may be banning TikTok,” Trump told reporters at the White House. India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the administration and the lawmakers.“We may be doing some other things. There are a couple of options. But a lot of things are happening, so we’ll see what happens. But we are looking at a lot alternatives with respect to TikTok,” Trump said in response to a question.
The Wall Street Journal Friday night reported that Microsoft, headed by Indian-American Satya Nadella, is in advanced talks to acquire the US operations of TikTok. The deal could run into billions of dollars.“A deal could be completed by Monday, according to people familiar with the matter, and the talks involve representatives from Microsoft, Bytedance and the White House. Talks are fluid, and a deal may not come together,” The Wall Street Journal reported.China-based Bytedance is the parent company of TikTok.