Microsoft to continue talks to potentially acquire TikTok's US operations after Trump threatened to ban the app in the US

Credit: Business Insider- Published on August 2, 2020
· Microsoft announced in a statement Sunday that it will continue discussions to acquire US operations of the popular video app TikTok.
· The announcement comes after President Donald Trump told reporters that his administration was looking into banning the Chinese-owned app citing security concerns, sparking widespread...

Video credit: Wibbitz Studio
Published on August 3, 2020 -  01:09
Microsoft Confirms Talks to Buy TikTok in America
Microsoft Confirms Talks to Buy TikTok in America On Sunday, Microsoft confirmed it has been in communication with tech company ByteDance to purchase the social media app. Microsoft will keep working with the U.S. government to secure a deal and wrap up talks by Sep. 15, according to a statement. Microsoft, via statement Microsoft, via statement If Microsoft aquires TikTok, it could tarnish its relationship with Facebook, a competitor of ByteDance. President Trump initially opposed the idea of Microsoft buying TikTok but reportedly agreed to give ByteDance 45 days to cut a deal with Microsoft on Sunday. Earlier that day on Fox News, U.S. Secretary of State Mike Pompeo said TikTok and WeChat are "feeding data directly to the Chinese Communist Party."

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Related news from verified sources

· The Financial Times reported Thursday that Microsoft — the frontrunner in talks to acquire TikTok's US operations — is interested in buying the app's...
on August 6, 2020 • Business Insider

· Oracle is in preliminary talks with TikTok parent ByteDance to buy the app's operations in the US, Canada, Australia, and New Zealand, the Financial Times...
on August 18, 2020 • Business Insider

· Microsoft paused negotiations with ByteDance over TikTok's US operations after President Donald Trump said he wouldn't support a deal, The Wall Street Journal...
on August 1, 2020 • Business Insider

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