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Microsoft and TikTok - Acquisition Negotiations Continue
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Microsoft confirmed the rumors that appeared a few days ago - the company is in talks with the Chinese company ByteDance to acquire the US division of TikTok.
Gossip have been confirmed: Microsoft and ByteDance are in talks over a possible acquisition of the American branch of TikTok by the former company. The information was published in official blog post redmond giant.
“Following a conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is ready to continue discussions to explore the possibility of acquiring TikTok in the United States.
Microsoft fully understands the importance of solving the President's problems. It intends to acquire TikTok subject to a full security review and providing appropriate economic benefits to the United States, including the United States Treasury,” the note said.
The issue will be resolved in the coming weeks - Microsoft plans to complete negotiations by September 15, 2020 . The company is in contact with the US administration.
“Microsoft will quickly move into discussions with TikTok's parent company, ByteDance, within a few weeks, and in any case, will conclude those discussions no later than September 15, 2020. During this process, Microsoft looks forward to continued dialogue with the US. The government, including with the president, “we read on.
The case is related to the decision of US President Donald Trump, who decided to ban application in your country last Friday. It is worth noting that due to political tensions between the US and China, negotiations have already been suspended once, but resumed.
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