NEW YORK: Microsoft is exploring an acquisition of TikTok’s operations in the US, in accordance to an individual acquainted with the matter who requested not to be recognized as a result of the discussions are non-public. TikTok, the video-sharing app, is owned by China-based ByteDance, which has been evaluating modifications to its enterprise construction due to the US authorities’s nationwide safety issues.
US President Donald Trump plans to announce a choice ordering ByteDance to divest its US possession of TikTok, in accordance to folks acquainted with the matter. The US has been investigating potential nationwide safety dangers due to the Chinese firm’s management of the app. Trump’s determination may be introduced quickly, said the folks.
A spokesman for Microsoft declined to remark.
ByteDance purchased Musical-.ly in 2017 and merged it with TikTok, making a social-media hit in the US — the primary Chinese app to make such inroads. As TikTok grew to become extra standard, US officers grew involved concerning the potential for the Chinese authorities to use the app to achieve knowledge on US residents. The Committee on Foreign Investment in the US, which investigates abroad acquisition of US companies, started a evaluation in the autumn of 2019.