Authorization

Twitter In Preliminary Talks To Buy TikTok's U.S. Operations : Report

(RTTNews) - Twitter has had preliminary talks with TikTok's Chinese owner ByteDance to buy the U.S. operations of the video-sharing app, the Wall Street Journal reported citing people familiar with the matter. Meanwhile, Microsoft has been the only company so far to say publicly it is pursuing TikTok.

It is unclear whether Twitter will pursue a deal with TikTok, which would face significant challenges, Journal also reported.

The biggest challenge to any deal is the Trump administration's executive order from August 6th. The executive order bars ByteDance from handling transactions in the US. The order takes effect within 45 days. The administration considers the Chinese-owned app a potential security threat to the U.S.

The Journal said that Twitter would be considered a long-shot in a bid for TikTok, with Microsoft the likely front runner in any deal.

Twitter is much smaller than Microsoft, and the social platform could be likely to face less antitrust scrutiny than Microsoft. But Twitter also doesn't have as much money as the software giant for a possible purchase, the report said.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2020    »
ПнВтСрЧтПтСбВс
 1234
567891011
12131415161718
19202122232425
262728293031