Microsoft Confirms TikTok Buyout Plan; US Govt Gives 45 Days To TikTok For Selling Their App
This can be regarded as the Great Coup For TikTok.
While Microsoft has confirmed that they are in talks to buy TikTok, US Govt has given Bytedance, the owners of TikTok 45 days to sell their app to US investors, most probaby Microsoft.
India has already banned TikTok.
What will be the future of TikTok?
Microsoft: TikTok Buyout Talks Are On
In a statement, Microsoft has confirmed that they are indeed in talks with ByteDance to buy TikTok and let it survive in the US.
US President Trump has already stated that they may ban TikTok by this weekend.
Microsoft said, “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,”
US Secretary of State Mike Pompeo has repeatedly warned about the dangers of TikTok, and why US Govt is about to ban them.
He had said, “These Chinese software companies doing business in the United States, whether it’s TikTok or WeChat _ there are countless more … are feeding data directly to the Chinese Communist Party, their national security apparatus,”
Now, the only viable solution for TikTok is to sell their US operations to an American investor, and let it survive.
US Govt Gives 45 Days To ByteDance
Meanwhile US President Trump has given 45 days to TikTok’s owner ByteDance, to negotiate their sell-off talks with Microsoft and make the deal.
In case they are not able to strike a deal, then TikTok will be banned in the US, and ByteDance can incur huge financial trouble.
On the other hand, some political analysts are saying that if US Govt bans TikTok, then President Trump can face a backlash from the young users, who are the main users of TikTok.
And since US is going to the elections this November, this backlash from the young users can prove to be very costly for the President.
We will keep you updated as more details come in.