TikTok takeover: Microsoft and Twitter in the race

TikTok takeover: Microsoft and Twitter in the race

Two web and tech giants are in the race to buy the popular Chinese app among young people. After Microsoft, it is Twitter’s turn to show its interest in acquiring this application, which the US president accuses of spying for the benefit of China.

According to an article dated Saturday from Wall Street Journal, Twitter has started preliminary discussions for a possible merger with the Chinese social network.

Twitter couldn’t go it alone

Microsoft expressed interest in acquiring TikTok’s US, Canadian, Australian and New Zealand operations last Sunday. But, Twitter believes it is less likely than Microsoft to be pinned for abuse of dominance in this matter because of its significantly smaller size. However, the platform would likely need the support of other investors to complete a buyout. Finally, Twitter, unlike Microsoft, is not available in China, where the government has blocked its access since 2009.

The US president on Thursday signed an executive order banning, within 45 days, any transaction “by persons under US jurisdiction” with ByteDance, the parent company of TikTok. Donald Trump also said he was open to the takeover of TikTok by an American group before September 15, but warned that the service would be banned on American soil if no transaction took place by then. The tenant of the White House also demanded that in the event of redemption, a significant portion of the sum go to the US Treasury.

20 Minutes with AFP

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TikTok takeover: Microsoft and Twitter in the race

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