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Microsoft Confirms To Purchase Of TikTok In US

Microsoft

American multinational technology company, Microsoft has confirmed that It has mentioned the security considerations with US President Donald Trump and it plans to seal the deal with TikTok’s parent firm Bytedance by September 15, 2020.

“Microsoft fully appreciates the importance of addressing the President’s concerns,” the Microsoft blog read. “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.

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“Microsoft will move quickly to pursue discussions with TikTok’s parent company, ByteDance,” They added, “In a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President.”

If Microsoft takes over the US arm of Bytedance-owned TikTok, it will operate the short video platform in countries including the United States, Canada, Australia, and New Zealand.

the company said in a blog, “The two companies have provided notice of their intent to explore a preliminary proposal that would involve a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand and would result in Microsoft owning and operating TikTok in these markets. Microsoft may invite other American investors to participate on a minority basis in this purchase”

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Microsoft will take cognizance of all the security and privacy concerns, also plans to add world-class security, privacy, and digital safety protections. It also ensures complete transparency to users and the governments.

The company said, “This new structure would build on the experience TikTok users currently love while adding world-class security, privacy, and digital safety protections. The operating model for the service would be built to ensure transparency to users as well as appropriate security oversight by governments in these countries”

But, Microsoft also said that the discussions are preliminary and it doesn’t intend to provide any other information unless there is a final outcome to their discussions.