Aug 01, 2020
TikTok may be SAVED from ban as Chinese company agrees to withdraw and let Microsoft takeover in US
This news has been received from: the-sun.com
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CHINA’S ByteDance has agreed to completely exit the US operations of TikTok completely in a bid to save a deal with the White House, after Donald Trump announced a ban of Chinese-owned platform.
ByteDance was previously seeking to keep minority stake in the US business of TikTok, which the White House rejected, now the China based company will let Microsoft Corp take full control over TikTok.1ByteDance has agreed to exit out of the US operations of TikTok, letting Microsoft Corp take full control of video-sharing platformCredit: AFP or licensors
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News Source: the-sun.com
Chicago : Microsoft wants to buy the popular social network in the US .
President Donald Trump will announce an action against TikTok “in the coming days” and against other Chinese software companies that his administration considers a threat to the national security of the United States, Secretary of State Mike Pompeo said on Sunday.
Pompeo said in an interview with Fox News that Trump would make an announcement on the matter “very soon.” Pompeo’s comments come after Trump said Friday that he would ban TikTok, the popular Chinese short-form video app, through executive action.
The Trump administration has reiterated that TikTok and WeChat, a Chinese messaging app, are “sending user data directly to the Chinese Communist Party.”TikTok in the US in the hands of Microsoft?
Microsoft confirmed on Sunday that it will continue with talks to explore the purchase of TikTok in the United States, although the process is still in a preliminary stage.
The company said in a statement that Satya Nadella, Microsoft’s CEO, spoke to President Trump on the matter and pledged to “buy TikTok subject to a full security review and to provide adequate economic benefits to the United States.”
The preliminary proposal contemplates the purchase of TikTok in the United States, Canada, Australia and New Zealand, which would result in Microsoft owning and operating TikTok in these markets, the company reported.
Look at the details.
“Microsoft will move quickly to engage in talks with TikTok parent company ByteDance in a matter of weeks and complete these discussions no later than September 15. During this process, Microsoft hopes to continue the dialogue with the US government. United, even with the president, “added the statement.
If the purchase is completed, world-class digital security and privacy measures would be added. “Microsoft would ensure that all private data of US TikTok users is transferred and remains in the United States.”