New reports from various US media outlets are indicating that Microsoft is in talks to acquire the US arm of TikTok on the back of news that Donald Trump is making an order that would force TikTok Owner’s ByteDance to sell off its US part of the business.
Microsoft’s name is reportedly firmly in the mix for an acquisition from ByteDance with an announcement regarding a divestment order from the Trump Administration rumored to be imminent.
Multiple sources in the US including Bloomberg are referring to the story, but the original source seems to be from the following journalist of Fox Business Network:
CONFIRMED; sources say @Microsoft in talks to buy https://t.co/1q4Y8HRbjG
— Charles Gasparino (@CGasparino) July 31, 2020
The order is believed to be in relation to concerns that the US has about the Chinese government using the app to spy on US citizens.
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