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Reading: Microsoft Want to Buy TikTok in U.S.
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The News God > Blog > Business & Finance > Microsoft Want to Buy TikTok in U.S.
Business & Finance

Microsoft Want to Buy TikTok in U.S.

Sampson Gaddah
Last updated: June 6, 2021 6:39 am
Sampson Gaddah
July 31, 2020
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2 Min Read
Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a person familiar with the matter.
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Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a person familiar with the matter.

TikTok, a video-sharing app, is owned by China-based ByteDance Ltd., which has been evaluating changes to its business structure because of the U.S. government’s national security concerns.

President Donald Trump plans to announce a decision ordering Bytedance to divest its U.S. ownership of TikTok, according to people familiar with the matter. The U.S. has been investigating potential national security risks due to the Chinese company’s control of the app. Trump’s
decision could be announced as soon as Friday, said the people.

Microsoft is in talks to purchase TikTok’s U.S. operations, according to the person who asked not to be identified because the discussions are private. A spokesman for Microsoft declined to comment.

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Read more: Trump to Order China’s ByteDance to Sell TikTok U.S. Operations

ByteDance bought Musical.ly Inc. in 2017 and merged it with TikTok, creating a social-media hit in the U.S — the first Chinese app to make such inroads.

Also see: Where to buy TikTok account?

As TikTok became more popular, U.S. officials grew concerned about the potential for the Chinese government to use the app to gain data on U.S. citizens. The Committee on Foreign Investment in the U.S., which investigates overseas acquisition of U.S. businesses, began a review of the purchase in the fall of 2019.

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