SUMMARY
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Another company is now looking to challenge Microsoft’s deal of acquiring TikTok. According to a Wall Street Journal report, Twitter held preliminary talks about a possible “combination” with the popular video-sharing platform.
It’s not entirely clear yet what Twitter’s plans are, but the report adds that any such deal is expected to be met with some big challenges.
The biggest of these potential ostacle’s is US President Trump’s recent executive order preventing TikTok’s parent company, Bytedance, from doing business in the US for reasons of national security. (READ: Trump order targets Chinese internet giants TikTok, WeChat)
The order, which was issued on August 6, takes effect in 45 days, but reportedly does not affect acquisition deals between Microsoft and other US firms.
Microsoft is still the front-runner in any deal, with Twitter not being as big or having as much money as the software giant.
The deal with Microsoft and TikTok is said to involve taking over operations in the US, Australia, Canada, and New Zealand while Twitter’s only involves the US.
Twitter and TikTok refused to comment on the report. – Rappler.com
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