Microsoft is in advanced talks to buy TikTok ‘s U.S. operations. It was the popular Chinese-owned video app that has been a source of national security and censorship concerns.
To emphasize this point, it was according to a person familiar with the discussions who only spoke on condition of anonymity due to the sensitivity to the negotiations.
The potential deal would be a victory for both companies, making Microsoft Corp. a major player in the social media arena. And also, providing relief to TikTok and its parent company, Bytedance Ltd., a target of President Donald Trump’s.
TikTok Will be Banned in U.S.
Trump said Friday that he would be taking steps to suspend TikTok in the United States as early as Saturday. Trump’s remarks aboard Air Force One on Friday came after media news that the administration is preparing to ask ByteDance of China to sell TikTok.
“As far as TikTok is concerned, we’re banning them from the United States,” Trump told reporters Friday on Air Force One as he returned from Florida.
Trump said he could use emergency economic powers or executive order. Moreover, it aims to enforce the action, insisting.
Microsoft declined to comment.
TikTok Still Wants to Develop Its Company
U.S. tech giants and financial companies have been confirmed. Then, it involved in purchasing or investing in it. Furthermore, it was because of Trump’s administration sets its sights on the company.
In addition, The New York Times and Fox Business first announced on Friday. Microsoft is in talks to buy it, citing an unnamed source.
TikTok issued a statement Friday saying that, “While we do not comment on rumors or speculation, we are confident in the long-term success of TikTok.”
On Saturday it posted a short video from its U.S. General Manager Vanessa Pappas saying that “We’re not planning on going anywhere.”
Chinese users can get a twin service, Douyin.
ByteDance launched TikTok in 2017. And then, purchased Musical.ly, a successful teen video service in the USA and Europe, and merged the two.