- Tiktok. Microsoft: forward with negotiations for acquisition
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August 03, 2020 The President of the United States, Donald Trump, gave 45 days to Microsoft to negotiate the agreement on the acquisition of the US arm of the TikTok app of the Chinese company ByteDance.The Reuters agency said, citing three sources aware of the facts, one of which added that Trump has changed his mind about his opposition due to the pressure of his advisers and members of his Republican party. The president had in fact opposed the acquisition hypothesis. Trump overheard Microsoft CEO Satya Nadella on the phone.
Microsoft for its part has declared itself ready to continue the negotiations for the acquisition of TikTok in the United States, and has made it known after the conversation between the CEO Nadella and President Trump. "Microsoft fully appreciates the importance of responding to the President's concerns," reads a blogpost, and the commitment is that of a complete review of social security that has become a global leader in the use of self-produced videos. Among the indicated measures, the one with which Microsoft would ensure that all the data of the American users of TikTok would be transferred and would remain in the USA.
Meanwhile, the Microsoft stock flies over 4% on Wall Street, in the wake of the negotiations on the acquisition of TikTok.