Following a conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States.
Microsoft’s move to acquire TikTok’s operations in the US, Canada, Australia, and New Zealand could benefit many of Microsoft’s existing businesses while also setting the company up as a real competitor to YouTube and Facebook.
Microsoft would ensure that all private data of TikTok’s American users is transferred to and remains in the United States. To the extent that any such data is currently stored or backed-up outside the United States, Microsoft would ensure that this data is deleted from servers outside the country after it is transferred.
Microsoft has six weeks to seal a deal for TikTok, which says it has 100 million users in the U.S. In a statement, Microsoft said it would “move quickly” to pursue a deal with TikTok’s parent, Beijing-based ByteDance, aiming to wrap it up by September 15, 2020.
Microsoft is continuing talks over buying Chinese-owned short-form video app TikTok in the United States despite President Trump saying he plans to ban the company via executive order. Former Microsoft CEO Steve Ballmer joins “Squawk Box” to discuss.