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TikTok might return to India if Microsoft buys global business of video sharing app

Microsoft in a statement had announced that they are in talks with Bytedance and US government to acquire the US operations of TikTok.


HIGHLIGHTS

  • Microsoft is eyeing to take over the entire global operations of TikTok including India.

  • Microsoft had earlier expressed the desire to purchase the TikTok business in the US, Australia, Canada, and New Zealand.

  • The deal is in its early stages and both the parties are yet to react to the piece of news.


Microsoft in a statement had announced that they are in talks with Bytedance and US government to acquire the US operations of TikTok. However, now Microsoft is eyeing to take over the entire global operations of TikTok including India, as per a Financial Times report. Microsoft had earlier expressed the desire to purchase the TikTok business in the US, Australia, Canada, and New Zealand.

As per a Financial Times, Microsoft had expressed its desire to take over the global operations of TikTok including India, where the app was banned a month ago. Although the FT report calls the talk “preliminary”, a report in Business Insider has completely falsified the news. Microsoft is yet to issue an official statement about its plans to acquire the global business of the ByteDance-owned short video platform.


Check for more detail:- https://www.indiatoday.in


Microsoft expands TikTok takeover ambitions to entire global business, including India operations


Microsoft on Sunday had said it was in negotiations with ByteDance, the Chinese owner of TikTok, to explore a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand. But, Financial Times, reported that Microsoft has since also pursued a plan that would include all countries where TikTok operates.


BENGALURU: Microsoft is chasing a deal to buy all of TikTok’s global business, including the viral video app’s operations in India and Europe, the Financial Times reported on Thursday, citing people with knowledge of the matter. One investor pegged the value of Tik-Tok’s India business at as much as $10 billion.


Microsoft had said on Sunday that it was in negotiations with ByteDance, the Chinese owner of TikTok and the world’s largest startup, to explore a purchase of the TikTok service in the US, Canada, Australia and New Zealand.


Since then, Microsoft has also pursued a plan that will include all countries where TikTok operates, the FT said. It does not operate in China, and such a deal would not extend to its China-facing sister app Douyin, the newspaper reported.


Check for more detail :- https://economictimes.indiatimes.com


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