It is a Bang would be: The American software giant Microsoft is negotiating according to media reports on the purchase of the Smartphone App, Tiktok, which belongs to the Chinese firm byte dance. The news Agency "Bloomberg" wrote on Friday, the talks revolved around the American business of Tiktok. It is unclear at what stage the negotiations are and the extent to which the price might move. But given the rapid growth of the Smartphone App, it would be a handsome amount.
economic correspondent in New York.
The reports of buying interest from Microsoft in a time of political pressure on Tiktok in the United States increases more and more. President Donald Trump said on Friday that his government was considering a ban on the App in the America. Several media reported that Trump was considering an arrangement which would force byte-dance to the sale of the American activities of Tiktok. The President and other representatives of the government have expressed about Tiktoks connection to China Worried about privacy practices and any censorship.
Tiktok recently tried desperately to distance themselves from China and as an American company. Kevin Mayer, a former Top-Manager of the entertainment group Walt Disney, was hired as Chairman of the Board, and the company has promised to create in the next three years, 10,000 jobs in the United States. It has hired dozens of lobbyists, including one with very close ties to Trump.
Trumps prohibition would be revenge on China
it All seems to have been but little used, because of the government Tiktok makes more hostility. Trade Commissioner Peter Navarro named the new chief Kevin Mayer recently, a "puppet" of the Chinese. Minister of Finance, Steven Mnuchin, confirmed this week for the first time, that the dreaded Committee on Foreign Investment in the United States (CFIUS), the Acquisitions reviewed under the point of view of national security, in retrospect, with the purchase of the App Musical.ly by-byte dance in the year 2017 has. Musical.ly was merged afterwards with Tiktok. The CFIUS panel has already foiled a number of acquisitions. Trump, meanwhile, is led beyond security concerns, other reasons to the field, why Tiktok is a thorn in the eye. Recently, he said, a ban of so great a business as Tiktok would be a good way to punish China for the Coronavirus over the world.
Microsoft is not exactly an obvious buyer for Tiktok. With the Acquisition, the group is mainly for office software and Cloud Computing would create, almost immediately, a strong foothold in the business with social networks. However, Microsoft has bought in 2016, the career network Linkedin, and 26 billion dollars paid for. The group should come up with Tiktok, of course, would have to be the dominant social network Facebook on a financial strong new rival in their own country.Date Of Update: 31 July 2020, 18:20