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Is Microsoft buying TikTok?

Microsoft CEO speaks to Trump. Microsoft has announced that it is continuing its attempts to purchase China-based social media platform TikTok. In the statement made by the company, it was underlined that the decision was taken after the meeting with the President of the USA, Trump.

The US-based technology company announced that it will continue negotiations to purchase Microsoft TikTok application.

In the statement made by the company, it was highlighted that TikTok’s attempts to purchase its operations in the USA and other countries would be finalized on September 15 at the latest.

According to the report in USA Today, the statement was made after a meeting with Microsoft CEO Satya Nadella and US President Donald Trump.

The news in the International News Agency Reuters included information that Trump wanted the agreement to be concluded within 45 days.

It was the second most downloaded application TikTok after WhatsApp, which was downloaded to phones 711 million times in 2019.

US Secretary of State Mike Pompeo announced in early July that they plan to ban Chinese social media practices, including the TikTok application.

Trump, on the controversy over whether TikTok will be banned in the US due to his ties with the Chinese government, said, “We are looking at this issue. We are considering a decision on this matter.” he used expressions.

Treasury Secretary Steven Mnuchin said that they are working on TikTok, saying that they have several different options and that they will offer a proposal to President Trump.

TikTok, which has 800 million active users across the US and worldwide, is claimed to have reported its users’ personal information to the Chinese administration. Many American experts say the firm poses a threat to US national security.

TIKTOK PAYED 800 MILLION DOLLARS FOR MUSIC.LY IN 2017

TikTok is one of the fastest growing brands of social media recently. Music.ly, which TikTok’s roof company ByteDance bought in 2017, has a big impact on this growth.

As the company entered the US market, it combined two applications under the TikTok brand. The company paid $ 800 million in 2017 to purchase the Music.ly app.

Written by Maraaz

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