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Microsoft may be considering to buy TikTok's global business

By Cookie Monster - on 7 Aug 2020, 12:46am

Microsoft may be considering to buy TikTok's global business

While Microsoft has confirmed that it is intenting to acquire TikTok's US business, the Financial Times published a new report claiming that the takeover could be bigger. 

Five sources familiar with the matter told the Financial Times that Microsoft is now exploring to acquire TikTok's global business. Taking over the entire business will make things easier for TikTok employees and the user experience can be protected even when they are traveling overseas. 

The progress of the discussions between Microsoft and ByteDance is not known, but the U.S government wants the deal signed no later than 15 September. A source said the negotiation is like playing a "multi-dimensional chess" as the process involves the U.S and China governments, ByteDance and the minority stakeholders in the company.

Source: Financial Times via 9to5Mac