Sunday 2 August 2020

Microsoft to continue talks to potentially acquire TikTok's US operations after Trump threatened to ban the app in the US

tiktok logoJakub Porzycki/NurPhoto via Getty Images

  • Microsoft announced in a statement Sunday that it will continue discussions to acquire US operations of the popular video app TikTok.
  • The announcement comes after President Donald Trump told reporters that his administration was looking into banning the Chinese-owned app citing security concerns, sparking widespread concern and panic among creators on the social media platform.
  • The company said in the statement that it is planning to complete talks with TikTok's parent company, ByteDance, by September 15.
  • Visit Business Insider's homepage for more stories.

Microsoft announced Sunday that it was still in talks of potentially acquiring US operations of the video app TikTok.

The company said in the statement that it plans to complete these "discussions" with the app's parent company, ByteDance, "no later than September 15, 2020."

See the rest of the story at Business Insider

NOW WATCH: Inside London during COVID-19 lockdown

See Also:

SEE ALSO: Trump told reporters on Air Force One he is banning TikTok from the US



from Feedburner https://ift.tt/2D37q3f

No comments:

Post a Comment

Tim Tully taught himself to code at age 6 and still codes daily. Here's how computer science took him from startups to AI investing at Menlo Ventures.

Tim Tully is a partner at Menlo Ventures. Menlo Ventures Tim Tully taught himself to code when he was six and went to school for comput...