Amid fears of action in the US, Microsoft is contemplating buying the acquisition of TikTok
Citing data security, US President Donald Trump is talking about action against the company and has even talked about ban. In India too, this app has been banned citing national security.
For the already banned Chinese popular video sharing app ‘Tiktok’ (TikTok) in India, there is also increasing problem in America. Citing data security, US President Donald Trump has been talking about action against the company and has even talked of banning, but in the meantime TicTalk is looking for ways of relief. Meanwhile, Microsoft, one of the largest software companies in the world, is considering the acquisition of TicketLock.
Watchtick’s business in America
According to a Bloomberg report, Microsoft is considering the acquisition of TickTock’s business in the US. The product Tiktok of Chinese company Bytdance has been continuously accused of sharing users’ data with the Chinese government. In such a situation, with the acquisition of Microsoft in the US, the company can expect to avoid a possible ban.
However, so far no response has been received from both the companies and they are refusing to talk on this issue.
Trump administration considering other options including ban
On Friday itself, President Trump once again reiterated the action taken against Tittock. Trump said, “We are watching Ticketcock. Maybe we can ban him. ” However, Trump has also said that his administration is also considering several other options regarding Ticketcock.
According to the report, ByteDans bought the American video sharing app Musicly (Musical.ly) in 2017 and merged it into Ticketock itself. However, in 2019, the US agency CFIUS, which monitors acquisitions by foreign companies in the country, reviewed the acquisition process for Musicly.
