Microsoft CEO in Talks to Acquire TikTok

84
Sourced from Cosmico

Microsoft CEO Satya Nadella and US President Trump are in talks over the “purchase of TikTok” – this acquisition would allow Microsoft to own and operate the TikTok service in the United States, Canada, Australia and New Zealand.

In a blog post, the tech company says that “Microsoft will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President.”

This comes after the US has made it very clear that it’s considering banning by the popular video-sharing app over user-privacy concerns.


US Secretary of State, Mike Pompeo told Fox News that “we are taking this very seriously. We are certainly looking at it. With respect to Chinese apps on peoples’ cellphones, the United States will get this one right too.”

The Verge reports that motivation for the ban stems from the fact that “lawmakers allege that TikTok could be pressured into handing over data or other intelligence to the Chinese Communist Party”.

Microsoft says that it “fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury”.

Edited by Jenna Cook
Follow Jenna Cook on Twitter
Follow IT News Africa on Twitter