After several rumors, finally, Microsoft has confirmed that the company is looking to acquire operations of TikTok in the United States and Canada, Australia, and New Zealand. That means Microsoft will be taking care of TikTok operations in these markets. Microsoft has also invited other American investors to participate on a minority basis in the purchase.
President of the United States, Donald Trump, has publicly confirmed his intentions to ban TikTok. So, Microsoft CEO Satya Nadella has directly spoken to President and discussed the deal.
“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,” the company said in a statement.
Microsoft says that the acquisition of TikTok operations will be completed by September 15th, 2020.
It is interesting to note that Microsoft isn’t taking interest in TikTok’s India operations. TikTok is already banned in India and the US operation is also in Danger. Bytedance also needs Microsoft to keep running in the US. Microsoft may later try to talk Indian government to lift the ban in India and start India’s operation.
