Microsoft to purchase TikTok after Trump revealed he’ll stop the firm from operating in the US

by Aug 3, 2020News0 comments

Microsoft to purchase TikTok after Trump revealed he'll stop the firm from operating in the US
Microsoft to purchase TikTok after Trump revealed he’ll stop the firm from operating in the US

In a blog post, Microsoft (MSFT) said its CEO Satya Nadella has talked with Trump about buying the app, which is owned by Chinese company ByteDance after US policymakers have expressed concerns about the app’s ability to invade users privacy.

The company is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” the company said, adding that it will “move quickly” to talk with ByteDance “in a matter of weeks.”

“During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President,” the company added.

ALSO READ: Paul Scholes Man United legend visited by police after breaking COVID-19 lockdown rules by throwing an illegal house party

“This new structure would build on the experience TikTok users currently love, while adding world-class security, privacy, and digital safety protections,” Microsoft said. “The operating model for the service would be built to ensure transparency to users as well as appropriate security oversight by governments in these countries.”

If Microsoft does buy TikTok it could avert the ban that Trump threatened on Friday July 31. In Trump’s threat, he said that he could use emergency economic powers or an executive order to block the app from operating in the United States. 

If the deal goes through, and Microsoft buys majority shares of the Tiktok’s parent company ByteDance, Microsoft would own and operate TikTok services in the United States, Canada, Australia, and New Zealand and also ensure that all private data of TikTok’s American users would be transferred to and remain in the United States. Read here

0 Comments

Leave a Reply

%d bloggers like this: