Apparently Microsoft TikTok's acquisition of US business is under negotiation 12:35 on August 3
On the 2nd, Microsoft, a major IT company in the United States, announced for the first time that it is in talks to acquire a business in the United States for the video sharing application "TikTok" provided by a Chinese company. We want to complete the negotiations by the 15th of next month.
Major US IT company Microsoft aims to acquire TikTok's American business from its Chinese parent company in a statement on the official website after Microsoft CEO Nadella and President Trump of the United States have discussed on the 2nd. I announced that I will continue negotiations.
This is the first time Microsoft has acknowledged the negotiating facts and hopes to complete the negotiations by the 15th of next month.
The statement also considers acquisitions of businesses in Canada, Australia and New Zealand.
Regarding TikTok provided by a Chinese company, the Trump administration in the United States considers that personal information of users may be misused by the Chinese government, and is considering countermeasures including prohibition of use, but Microsoft is The user's personal information will not be transferred overseas, and those already transferred overseas will be deleted, indicating that we will thoroughly protect personal information.
TikTok operating company "Protect local laws"
The Chinese IT company "Bite Dance" that runs TikTok made a comment via the Internet on the night of the 2nd local time.
Although it does not mention acquisition negotiations with Microsoft, "We are committed to complying with local laws and proactively exercising our rights in accordance with the law to ensure that legal corporate rights and interests are met. The Trump administration, which has indicated that it intends to take measures to ban the use of TikTok in the United States, is being restrained.
Do Trump agree to set up a 45-day negotiation period?
Reuters has agreed that President Trump will hold a 45-day negotiation period, according to multiple sources, as Microsoft announced that it is in talks to acquire TikTok's US operations. I tell you.
Regarding TikTok provided by a Chinese company, the Trump administration has indicated that it is likely that the personal information of users will be misused by the Chinese government, and will take measures to ban domestic use in the near future.
The White House has not responded officially at this time, but if it accepts negotiations for an acquisition, it may review the measures to ban its use, depending on the terms of the acquisition.