OPINION

Microsoft Seeking to Reportedly Purchase TikTok Operations Touted as Potential ‘Game-Changer Deal’

Earlier reports claimed Microsoft is in negotiations with ByteDance, the Chinese owner of TikTok, to purchase its global business, including operations in India and Europe, ahead of a looming 15 September deadline for the viral video app to either complete the sale of its US operations to non-Chinese owners or face a ban in the United States.

On 2 August, Microsoft announced it was in talks with Chinese firm ByteDance, the parent company of the video-sharing social networking service TikTok, to explore “a purchase of the service in the United States, Canada, Australia, and New Zealand,” in a bid to avert a ban of the platform’s operations in the US as part of Washington’s crackdown on Chinese companies over perceived security concerns.

More recent reports have suggested the US tech giant is seeking to expand on these plans, hoping to acquire the global operations of TikTok.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close