Breaking: Microsoft is in talks to buy TikTok
- 1st August 2020
- Posted by: Hakeem
- Category: Business plans
The world’s biggest software maker, Microsoft, is reportedly in talks with ByteDance, the Chinese owners of TikTok, over a possible acquisition of its US operation.
The offer by Microsoft seems to be an escalation of President Trump’s recent attacks on TikTok and other Chinese tech startups, Bloomberg reported.
President Trump, in June, had raised security concerns about TikTok’s entry into the world’s largest economy.
A TikTok acquisition could make the software maker a major provider of enterprise software, more focused on consumer technology, which Microsoft has exited from in the past few years in business segments such as e-book markets, phone hardware, and fitness hardware.
It should be noted that TikTok has been adjudged the world’s fastest growing social media app.
More details soon…