Microsoft is attempting to crack the deal with TikTok’s originating company – ByteDance. Thus, acquiring the global business, assets, including the India and EU nation market as cited by Financial Times. In contrast to that, some sources familiar with this tech talk opened up with Reuters stating, Microsoft has not raised prospects to buy all of the TikTok shares.
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Microsoft Aiming to Buy TikTok’s Entire Global Business
Microsoft has made an official declaration saying that the company is targeting to own up TikTik assets in North America, New Zealand, and Australia. Sources revealed the estimated value of ByteDance is more than $50 million( around 3.75 lakh crores).
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Microsoft along with ByteDance refrained from commenting on the report shared by Reuters. The company is thinking of expanding its reach to India and Europe in the deal. FT by referring one person in the picture who is close to ByteDance said, “Mircosoft is focusing on a deal in the works for TikTok India”. The deal was left abandoned in between.
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TikTok has been given September 15 as a deadline to surrender and sell all of its US operations to Microsoft or get banned in the country.
Surely, Amid the Anti-Chinese sentiment and high vulnerability to the user’s confidential data leak, TikTok has to pass through an escalated ridicule worldwide. It will be exciting to see whether the app will make a comeback in India as a Microsoft product or not.
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Narender Kumar
Always on the quest to learn and share the knowledge. Big fan of books (but not the self help ones) specially fiction. A grammar Nazi who loves to eat, cook, travel and watching thunderstorms.