BusinessDay.pw
Finance

Microsoft Nears Deal With TikTok, as U.S. Weighs Ban on App

Microsoft Corp. is in advanced talks to acquire the U.S. operations of the Chinese-owned video app TikTok, according to people with knowledge of the discussions, in a deal that would be a concession to White House pressure and make the software giant a major player in social media.

A sale to Microsoft, likely for billions of dollars, would be a win for both TikTok and its parent company, Bytedance Ltd., where executives had feared that the U.S. government would force device makers to take TikTok out of their app stores, according…

Related posts

Amazon Says Email Ordering Employees to Delete TikTok Was Sent in Error

admin

Hot Pandemic Market: Music Royalties

admin

Fed Deliberates How and When to Roll Out More Economic Support

admin