Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ World https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Twitter is “searching” for a possible TikTok link

Twitter is “searching” for a possible TikTok link



Twitter contacted Chinese owner ByteDance of TikTok to express interest.Copyright
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Twitter approached Chinese owner ByteDance of TikTok to express interest in buying its US operations, according to reports.

The video-sharing platform TikTok has been at the center of fierce debate in recent weeks and takeover talks.

Last week in the United States, Donald Trump ordered companies to stop doing business with TikTok within 45 days due to security concerns.

The technical giant Microsoft is the leader that buys TikTok, but now Twitter has emerged as a possible suitor.

But it is unclear whether Twitter can afford to buy TikTok from its Chinese owners and could close the deal within the 45-day window, according to sources quoted in the Wall Street Journal.

The value of TikTok̵

7;s US operations is unclear, but estimates put it at tens of billions of dollars.

Twitter’s market capitalization is about $ 29 billion (£ 22 billion), underestimated by Microsoft to more than $ 1.6 million.

But experts believe a possible deal with Twitter will face less regulatory scrutiny than Microsoft’s.

A Twitter spokesman declined to comment on a possible deal until TikTok responded as soon as he contacted the BBC.

“Shocked”

Last Friday, Mr Trump ordered US companies to stop doing business with the Chinese app within 45 days. The Trump administration claims that the Chinese government has access to consumer information collected by TikTok, which the company has consistently denied.

In response to the US President’s executive order, TikTok threatened to sue the United States, saying he was “shocked” by the move.

The US government has also uncovered a ban on China’s WeChat messaging app as tensions escalate between the two countries.

Mr Trump said last week that he would support Microsoft’s efforts to buy US operations on TikTok if the government receives a “significant share” of the proceeds.

He has set a September 15 deadline for concluding the deal or the ban will continue.

Microsoft said it would “continue discussions quickly” about TikTok’s operations in the United States, Australia, Canada and New Zealand.

“Even if the deal goes through, whether Microsoft or Twitter take a significant stake in TikTok, it remains to be seen how the two sides will move forward operationally,” said communications expert Sharon Koch.

“In addition, a vigorous effort will be needed for both organizations to deviate from political sensitivity,” she added.


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