- Microsoft has confirmed that it is in talks to acquire TikTok’s US operations.
- This is part of a proposal to also acquire TikTok’s business in several other countries.
- Microsoft hopes to complete discussions by September 15.
We heard whispers last week, but now Microsoft has indeed confirmed that it is in talks to buy TikTok’s US business. The news comes shortly after President Donald Trump threatened to ban the short video service, citing national security concerns.
“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a full safety review and providing appropriate economic benefits to the United States, including the United States Treasury, ”the Redmond-based company said in a blog post.
In other words, it certainly looks like Microsoft’s acquisition of the US unit of TikTok is inevitable at this point. However, the firm insists that talks are early and there is no guarantee of a deal. The tech colossus has nonetheless confirmed its intention to complete talks to acquire the service’s US operations “no later than September 15, 2020”.
Microsoft also noted that the talks are part of a preliminary proposal to buy TikTok in the United States, Canada, Australia and New Zealand, with Microsoft operating the service in those markets. This suggests that TikTok’s talks with the United States will be part of a larger deal involving the operations of more countries. Although you would have to assume that the service could still be operated by the current owner ByteDance in most markets not mentioned here.
The Redmond-based company added in its blog post that TikTok would gain “world-class security, privacy and digital security protections” as part of the deal. He also claims that TikTok would be more transparent to users, while also providing “appropriate security oversight by governments” in these proposed markets.
One such measure includes transferring data belonging to US TikTok users to the US itself and then deleting the data from servers outside of the country.
A successful acquisition means Microsoft would have two major social platforms under its umbrella, with the company buying LinkedIn for $ 26 billion in 2016. A similar deal for TikTok could theoretically also be a possibility in India, as the app was there. prohibited due to Sino-Indian tensions. However, this solution has not yet been offered on the market.
Source: Android Authority