Microsoft Continues Talks to Buy Tiktok After Consulting Trump

With a deal set to take place “in a matter of weeks.”

By
Tech
7,238 Hypes 4 Comments

In a blog post, Microsoft announced that it will be continuing its talks to buy TikTok in the United States from parent company, ByteDance, after consulting President Donald Trump.

With a deal set to take place “in a matter of weeks,” President Trump and the Microsoft CEO Satya Nadella have looked to come to some form of agreement. Microsoft’s purchase of TikTok could easily run into billions of dollars and push Microsoft as Facebook‘s newest competitor.

The unexpected news comes after the controversial president announced a ban on the app in the U.S. through an executive action that eventually did not happen. With TikTok U.S. General Manager, Vanessa Pappas, releasing a statement noting that the platform is not planning on “going anywhere.”

The blog post notes that Microsoft and ByteDance are exploring a preliminary proposal that would see Microsoft purchase TikTok in Canada, Australia, New Zealand, and the U.S. “During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President,” the post noted. Reports are noting that Trump’s administration is pushing for a “complete separation” from the original Beijing-based company if a purchase is to happen.

“Microsoft appreciates the U.S. Governments and President Trump’s personal involvement as it continues to develop strong security protections for the country.”

Noting its focus on security, Microsoft said it is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the U.S. including the Treasury. Microsoft will also “ensure that all private data of TikTok’s American users are transferred to and remains in the United States.”

Finally, Microsoft could be looking to invite American investors to be part of the purchase on a minority basis and is looking to complete discussions “no later than September 15.”

Stay tuned for more details as the story develops.

In case you missed it, Kodak stock surges 1,500% after announcing a shift to pharmaceuticals amidst COVID-19.

Read Full Article

What to Read Next

adidas Originals Relaunches Its Iconic A-ZX Series
Footwear

adidas Originals Relaunches Its Iconic A-ZX Series

26 special ZX makeups will drop over the course of 2020 and 2021, with each release hinted to by a mysterious “periodic table.”

Maison Kitsuné and ADER error Return With "The Bluest Fox" Collection
Fashion

Maison Kitsuné and ADER error Return With "The Bluest Fox" Collection

The pair’s third collaboration.

NASA Astronauts Make Historic Water Landing in SpaceX Capsule
Tech

NASA Astronauts Make Historic Water Landing in SpaceX Capsule

The first splashdown in 45 years.


Run The Jewels Joins Travis Barker for Rock-Infused Single "Forever"
Music

Run The Jewels Joins Travis Barker for Rock-Infused Single "Forever"

100% of the song’s proceeds will be donated to the Next Level Boys Academy.

VOMA Is the World's First Fully Interactive Virtual Museum
Arts

VOMA Is the World's First Fully Interactive Virtual Museum

Anyone can visit for free.

Virgil Abloh Announces Winner of Evian's Sustainable Design Competition
Fashion

Virgil Abloh Announces Winner of Evian's Sustainable Design Competition

Danielle Elsener was chosen for her zero-waste design system called ‘A020.’

More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Help Support Us

We need ads to keep the lights on and to continue providing free news to our readers. We’d appreciate your support by whitelisting HYPEBEAST on your ad blocker. That way you can keep reading all the great stories for free.

If you have already whitelisted us, simply refresh this page. To find out how to whitelist us, click the button below.

Back

Add Us to Whitelist

We appreciate your support in allowing HYPEBEAST ads. Most ad blockers have similar whitelisting steps and settings. If you need assistance, please contact us.

Adblock Plus

  1. Click on the red ABP icon in the upper right corner of your browser.
  2. Click “Enabled on this site” to disable ad blocking for the current site. In Firefox click “disable on HYPEBEAST”.
  3. Refresh the HYPEBEAST page that you were viewing.

Adblock

  1. Click the AdBlock hand icon.
  2. Click “Don’t run on pages on this domain”.
  3. A new “Don’t run AdBlock on…” dialog may be displayed in the middle of the screen.
  4. Move the “Site” slider to the right. After that, click “Exclude”.
  5. Refresh the HYPEBEAST page that you were viewing.

uBlock

  1. Click the uBlock icon.
  2. Click the large blue “power” button in the menu that appears to whitelist the current website.
  3. Reload the HYPEBEAST page that you were viewing.

Firefox Browser

Firefox Tracking Protection may activate our whitelist notice, which can be disabled temporarily for a browsing session by clicking the shield icon in the URL bar and following the instructions.

Disconnect

  1. Click the Disconnect icon.
  2. Click “Whitelist site”.
  3. Refresh the HYPEBEAST page that you were viewing.