Microsoft Pauses Negotiations to Buy TikTok from ByteDance
After President Donald Trump revealed that they would go ahead with the banning of the video-sharing app, Microsoft halted ongoing negotiations with ByteDance to buy Tiktok’s US operations.
Bytdance reportedly calls itself Ticketok’s U.S. Microsoft was planning to remove from the version, Microsoft signed a deal to take control and a deal for security and user data. The negotiations began after Trump stated that he planned to order Chinese-owned ByteDance to sell his stake in the app.
However, Trump told reporters on Air Force One on Friday that he preferred to ban Tickcock, and did not endorse a sale to the Wall Street Journal, citing sources familiar with the matter.
According to sources, Trump’s remarks forced Microsoft and ByteDance to stop the TickTalk deal, the broad strokes of which could be in force until Monday.
The companies were reportedly “caught” by Trump’s comments, as the White House had already made clear that the target was “American ownership” for TickTalk. Sources said the report suggests that talks are not completely dead, but Microsoft and ByteDance are trying to get clarity about the White House’s stance first, and if there will be a separate action that will also put the app up for sale. Of the us Will interrupt operations, sources said.
A spokesman for Tikotok said, “We believe in Tiktok’s long-term success when we do not comment on rumors or speculation.”
“Lakhs of people flock to entertainment and connection, including our community of creators and artists who create livelihood from the stage. We are inspired by their passion and creativity, and are committed to protecting their privacy and security as we continue to work to bring joy to families and meaningful careers for those who come to our platform. “
A Ticket spokesperson said in a previous statement by Digital Trends that the app had launched the U.S. Helped create jobs across the region and alleged that it was a threat to national security.