Rumors are circulating that Microsoft could buy U.S. TikTok operations. The rumors appear to be coming from this article on Axos https://www.axios.com/microsoft-deal-buy-tiktok-look-73742b81-11e2-4813-abbd-b753109421d0.html, and this article in the The New York Times https://www.nytimes.com/2020/07/31/technology/tiktok-microsoft.html. Whenever we can find two confirmed and credible sources, we rate the rumor as likely true.
Microsoft’s acquisition of TikTok ops could be finalized Monday according to rumors.
President Trump, who said Friday night that he’ll ban TikTok, may allow Microsoft to buy the app’s U.S. operations if there’s “complete separation” from the original Beijing-based company, Axios’ Mike Allen and Dan Primack report, citing Republican sources. Conversations with Republicans over the weekend suggest a possible blueprint for making the proposed Microsoft deal palatable to the White House, including Microsoft promising a complete break from the Chinese parent company ByteDance and no lingering connection of any kind to ByteDance or non-U.S. TikTok.
On July 31, 2020, The New York Times published an article that Microsoft is in talks to acquire TikTok, which is owned by Chinese internet company ByteDance, a person with knowledge of the discussions told The New York Times’ Mike Issac and Ana Swanson. President Trump has said he was considering taking steps that would effectively ban the app from the United States, noted the report, which said it is unclear how advanced the talks between Microsoft and TikTok are. Bloomberg previously reported earlier today that Trump was set to announce an order that would force ByteDance to sell TikTok’s U.S. operations. TikTok’s app competes with offerings from social media rivals Facebook (FB) and Snap (SNAP). Source: https://www.nytimes.com/2020/07/31/technology/tiktok-microsoft.html