Microsoft is keeping talks on ByteDance buying TikTok

Microsoft Corp said on Sunday that discussions will proceed to purchase famous TikTok Short-Video App from China’s internet giant ByteDance, with the objective of completing negotiations by September 15.

Following an interchange between CEO Satya Nadella and USA, the organization made a comment,  President Donald Trump.  This added that it will guarantee the transition and preservation of all private data for US consumers from TikTok to the USA.

“Microsoft fully appreciates the importance of addressing the President’s concerns. It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury,” Microsoft said in a statement.

The company added that there was no certainty a deal would be reached.

January 25, 2021

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