Under the proposed deal, Microsoft would take over operations of TikTok in the United States, News Zealand, Australia and Canada. TikTok has emerged as a flash point in the rivalry between the world’s two largest economies as the US-China relations deteriorate over trade, the spread of the novel corona virus, the cyber security and the sovereignty of Hong Kong. In its statement, Microsoft clarified that there is no certainty a deal will be reached. A wave of legal challenges is also likely to follow the ban. Banning of the popular app has the potential to alienate many of its young users ahead of November’s US presidential election. This is a deadline put by the Committee on Foreign Investment in the United States (CFIUS) to ByteDance and Microsoft, which scrutinizes deals involving potential national security risks.Īpparently, the US president changed his mind following pressure from some of his advisors. ![]() However after a meeting between Trump and Microsoft CEO Satya Nadella, the company headquartered in Washington, clarified that it will continue talks to purchase TikTok from ByteDance, and that it aimed to reach an agreement by September 15. ![]() Last Friday, Trump had dismissed the notion of TikTok’s US operations’ sale to Microsoft.
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