Microsoft Confirms It Wants To Buy TikTok
The rumors were right Microsoft has now confirmed that it is pursuing an acquisition of the viral app TikTok. The Xbox company said in a blog post that it is “committed to acquiring TikTok” pending a review of the “security” of the app. The software behemoth went public Sunday with its plans, announcing it was pursuing to purchase TikTok from its parent company ByteDance, and Microsoft’s CEO has already had a chat with President Trump about the potential deal.
In a statement, Microsoft said Microsoft and ByteDance have provided notice of their intent to explore a deal resulting in Microsoft owning and operating the TikTok service in the U.S., Canada, Australia and New Zealand. The company said it expects those talks to conclude by Sept. 15.
Trump said on Friday that he would soon ban TikTok in the United States. Trump and CEO Satya Nadella have spoken, the company said, and Microsoft was prepared to continue exploring the purchase of TikTok’s U.S. operations after their conversation.
Microsoft statement said:
“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,”
“Microsoft will move quickly to pursue discussions with TikTok’s parent company, ByteDance, 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.”
ByteDance has agreed to sell its US operations, and it appears Microsoft may be the company to buy it. Microsoft said it wants to acquire TikTok’s operations in the US, Canada, Australia, and New Zealand. Microsoft has also said it will implement “world-class security, privacy, and digital safety protections” for TikTok, should it emerge as the new owner of the company.
Microsoft also said that it will make sure that all the private data of American TikTok users would not be shared with any of the countries and would remain in the United States. It further said that if by fluke a data is transferred outside the United States, Microsoft will make sure that data is deleted from servers outside the country after it is transferred. This is one of the prime reasons why TikTok is facing heat in countries like the United States and even India, where it was banned a few months ago. TikTok was accused of sharing private data of users with China.
Microsoft appreciates the U.S. Government’s and President Trump’s personal involvement as it continues to develop strong security protections for the country. These discussions are preliminary and there can be no assurance that a transaction which involves Microsoft will proceed.