For the already banned Chinese popular video-sharing app ‘Tiktok’ (Tiktok) in India, there is also an increasing issue in America. Citing data security, US President Donald Trump has been talking about action against the company and has even talked of banning, but in the meantime, Tiktok is looking for ways of relief. Meanwhile, Microsoft, one of the largest software companies in the world, is considering the acquisition of Tiktok
MICROSOFT MAY BUY Tiktok IN AMERICA
According to a Bloomberg report, Microsoft is considering the acquisition of Tiktok business in the US. The product Tiktokof Chinese company Bytdance has been continuously accused of sharing users’ data with the Chinese government. In such a situation, with the acquisition of Microsoft in the US, the company can expect to avoid a possible ban.
However, so far no response has been received from both the companies and they are refusing to talk on this issue.
TRUMP ADMINISTRATION CONSIDERING OTHER OPTIONS INCLUDING Tiktok BAN
On Friday itself, President Trump once again reiterated the action against Tik tok. Trump said that We are contemplating Tiktok. Maybe we can ban it. However, Trump has also said that his administration is also considering several other options regarding Tik tok.
According to the report, ByteDans bought the American video-sharing app Musically (Musical.ly) in 2017 and merged it into Tik tok itself. However, in 2019, the US agency CFIUS, which monitors acquisitions by foreign companies in the country, reviewed the acquisition process for Musically.
TIKTOK HAS 165 MILLION USERS IN US
It is not yet clear how Tik tok will divest its US business and how it will differentiate itself from existing Chinese ownership. The company has not yet told how the move will affect the employees, technology and product. However, despite the separation of ownership, there is not a single group that can buy or invest in Tik tok. It has 165 million users in the US.
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