Microsoft is reportedly in advanced talks with TikTok to acquire its operations in the US as President Trump has decided to ban the app on security grounds. But Trump is not in favor to let Microsoft buy the video-sharing app’s American operations. The report comes from NYT and it cites people with knowledge of the discussions.
The short-form video making app has been under scrutiny from Trump administration and now it may soon get banned in the country as President Trump looks to have taken a vow against it. This intention has compelled TikTok to look for a potential buyer which can acquire its American operations and let it work smoothly in the country without any ban or a potential threat. People familiar with the matter have commented that one of the potential buyers in the list is Microsoft that could lend a helping hand to TikTok in its difficult episode.
Trump’s administration believes that TikTok may pose a national security threat because of its Chinese ownership, the reason why it is looking to ban the app completely in the country. The Committee on Foreign Investment in the United States has decided to order ByteDance to divest TikTok. It is, however, unclear how Trump will decide to proceed with this divestment plan. Whether he is going to apply divestment order to all of TikTok’s American operations or if the plan is going to affect the app’s global business as well.
01/08/2020 08:26 AM