On Sunday, August 2nd, 2020, Microsoft has declared interest to buy the most popular social media app, Tiktok. According to their statement, other interested investors could also participate alongside with Microsoft in the acquisition process.
Microsoft confirmed on Sunday that they are in talks with the Chinese tech company ByteDance to acquire the social app TikTok in the U.S. Microsoft declared that it intends to finalize talks with the Chinese tech company by September 15.
In a controversy going around the internet on the banning of the social media trendy app in the U.S. by President Donald J. Trump, the giant tech company Microsoft has to resolve these issues with the U.S government concerning the TikTok ban.
In a blog post, Microsoft said that their chief executive officer(CEO) Satya Nadella and President Donald J. Trump had spoken and the company is committed to President Trump’s view regarding the trendy app.
Microsoft said they will ensure that data on TikTok users in the U.S. would be located in the country and data stored outside of the country would be deleted after the conclusion of the app deal.
President Donald Trump will announce new action “in the coming days” related to Chinese software companies that his administration views as a threat to U.S. national security, Secretary of State Mike Pompeo said Sunday as Reported by CNBC
President Donald Trump said Friday night that he will ban the popular short-form video app TikTok from operating in the United States, rejecting a potential deal for Microsoft to buy the app from its Chinese-owned parent company. … Trump said he could use emergency economic powers or executive order, reported on Sunday by CNN Business.
TikTok is a social media app popular among the age of 18 to 45. Its a short video platform with major investors from the U.S. Based on the stats by Wallaroo, the TikTok app has been downloaded over 175 million times in the United States. We hope the trendy social app TikTok has a stay in the United States since Microsoft has indicated interest to purchase the app in the U.S.