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President Donald Trump reportedly plans to order TikTok's China-based parent company, ByteDance, to sell the viral-video app's US operations — and Microsoft has emerged as a potential buyer.
Bloomberg reported Friday afternoon that Trump was planning to sign an executive order directing ByteDance to divest its ownership of TikTok's US operations. Reports then emerged, first from Fox Business Network's Charles Gasparino, of Microsoft's possible interest in acquiring TikTok. Bloomberg reported later on Friday that other bidders are also interested in TikTok, though it did not give specific names.
TikTok, which has more than 2.3 billion downloads worldwide, has recently been valued between $30 billion and $50 billion. It's not quite clear where TikTok would fit into Microsoft's business. Microsoft's major presence in social networking is LinkedIn, which is aimed at working professionals. Microsoft recently shut down Mixer, its video-game streaming service that competed with Amazon's Twitch.
It's also worth noting that TikTok's parent company, ByteDance, was founded in 2012 by a former Microsoft employee, Zhang Yiming.
More~ Microsoft is reportedly in talks to buy TikTok's US operations
Bloomberg reported Friday afternoon that Trump was planning to sign an executive order directing ByteDance to divest its ownership of TikTok's US operations. Reports then emerged, first from Fox Business Network's Charles Gasparino, of Microsoft's possible interest in acquiring TikTok. Bloomberg reported later on Friday that other bidders are also interested in TikTok, though it did not give specific names.
TikTok, which has more than 2.3 billion downloads worldwide, has recently been valued between $30 billion and $50 billion. It's not quite clear where TikTok would fit into Microsoft's business. Microsoft's major presence in social networking is LinkedIn, which is aimed at working professionals. Microsoft recently shut down Mixer, its video-game streaming service that competed with Amazon's Twitch.
It's also worth noting that TikTok's parent company, ByteDance, was founded in 2012 by a former Microsoft employee, Zhang Yiming.
More~ Microsoft is reportedly in talks to buy TikTok's US operations
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