Reportedly, Microsoft, the tech giant is planning to acquire the US operations of famous social media app Tiktok.
According to Bloomberg and other sources, Both the companies haven’t yet shared anything in media. But after Trump’s consideration of banning the Chinese app citing the security threats for its user, Microsoft is planning to buy and in talks with Tiktok US.
“We are looking at TikTok. We may be banning TikTok,” Trump told reporters Friday at the White House. “We are looking at a lot of alternatives with respect to TikTok.”
A deal would give the software company a popular social-media service and relieve U.S. government pressure on the Chinese owner of the video-sharing app. In 2016, Microsoft bought Linkedin, a popular professional network company for $26.2 Billion.
In 2017, ByteDance the parent company of Tiktok acquired its rival app Musical.ly for a reported $1 Billion and merged with Tiktok in August 2018. This was seen as a way for the Chinese app to enter the US market – with Musical.ly already boasting a considerable American audience.
Earlier, Tiktok exited India, its biggest overseas market after Indian Govt. banned 59 Chinese apps for compromising serious security issues.