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Microsoft to continue talks to buy TikTok from ByteDance

Published 08/02/2020, 07:44 PM
Updated 08/03/2020, 05:10 AM
© Reuters. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration

(Reuters) - Microsoft Corp (O:MSFT) said on Sunday that it would continue discussions to acquire popular short-video app TikTok from Chinese internet giant ByteDance, and that it was aiming to conclude the negotiations by Sept. 15.

The company made the statement following a conversation between is CEO Satya Nadella and U.S. President Donald Trump. It said it would ensure that all private data of TikTok's American users is transferred to and remains in the United States.

"Microsoft 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," Microsoft said in a statement.

The company added that there was no certainty a deal would be reached.

Latest comments

despite what most think this will happen as it is huge deal right now. why? Data, kids, future, face recognition, political future manipulation speach software, ai interfaces with, I think the fact google IS ALL KNOWING we should be a little more caeefull who holds the future data. China will sell they have no choice do they
This is the "freedom", or maybe hypocrisy.
Should not be allowed in my opinion. Americnss can care less about freakigng TIK TOK at the moment. Trump your priorities are not in place!
Wow another monoploy loke FB. Looks like MSFT wants to diversify.
would love to see MSFT over-take AAPL again, as all that AAPL is doing is getting st.u.pid people to buy new ipho.nes each year made by sla.ve labor in chin.a. nothing like needing 4 cameras on a $3000 cell phone for sh.eep to take selfi.es. that being said, tik. tok like every app .use will fall out of favor soon. like poke.mon go, etc. just flavor of the month. the only reason people are not uninstalling the app despite there being overt evidence that it is being used to s.py on people (even india has already ba.nned it)  is that the media has severe tr.ump .de.rangement and is trying to use it as another thing to polarize the country prior to the electi.on. democrats are basically mou.thpieces of the chin.ese com.munist party at this point.
sorry for the periods, could not figure out what word this site was trying to censor
I doubt Microsoft cared much about this as was approached to take an effort into this. Once the ban took mention it's a pretty much gun or you have this long till your gone clock is ticking tok tik tok tik tok
somehow this seems illegal for a government to force a company to sell its assets. Seems too much like a page from Trump's play book of how to *****a company over
It is 1 of their choices. They can do many things. They could transfer ownership to a holding company n move servers out of china. They could move severs out n offer ipo (shareholders own the company).
Yeah, this seems mafia-esque.“You should probably sell your company...to this specific buyer.”
Don't you understand this is the fine art of manipulation by the new world order. Do your research on president Reagan his famous speech!!
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