Microsoft confirms takeover negotiations with TikTok

It’s about the TikTok business in the US, Canada, Australia and New Zealand. Microsoft said the talks are at an early stage. The threat of US President Trump to ban TikTok in the United States is currently not preventing Microsoft from its plans.

Microsoft confirmed on Sunday after several partially contradicting media reports that it is holding official talks about taking over the US business of the video platform TikTok. The software company plans to continue the negotiations despite the threat by US President Donald Trump to ban TikTok in the United States.

TikTok (Image: TikTok)According to a blog entry from Microsoft, the goal is to take over and operate the TikTok businesses in the USA, Canada, Australia and New Zealand. Microsoft may have a minority stake in the transaction. It had “committed to acquire TikTok subject to a full security review and to offer reasonable economic benefits to the United States, including the US Treasury Department.”

Microsoft plans to conclude talks with TikTok mother ByteDance in the coming weeks, by September 15 at the latest. Until then, it is also planned to keep in touch with the US government and President Trump.

In the event of an acquisition, Microsoft also announced that it would significantly improve security and privacy. The company also wants to ensure that any personal information that US users move to the United States. In addition, it should be guaranteed that all data currently held outside the United States will be deleted after the transfer to the United States.

While ByteDance is a Chinese company, its data centers are said to be all outside the scope of Chinese law. The independent service Douyin will be offered for the Chinese market. Data from US users are said to be located in the US – and backup servers in Singapore.

Microsoft’s efforts to acquire TikTok are just beginning, the blog entry says. The company clarified that it did not intend to comment on the proposed acquisition again until the discussions ended.

The first rumors about Microsoft joining TikTok came up at the end of last week. In the meantime, it was said that the company had suspended negotiations after the US government announced that it would sanction TikTok in the United States.

It is unclear what goal Microsoft is pursuing with the takeover of TikTok. It is speculated that Redmond is primarily interested in running the video service on its own Azure cloud platform. So far, nothing is known about a possible purchase price.

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