Microsoft to bag TikTok's entire global business

By VARINDIA - 2020-08-07

Microsoft to bag TikTok's entire global business

According to news reports, Microsoft Corp is trying to buy all of TikTok’s global business.

 

However, a source familiar with the discussions told that Microsoft had not raised the prospect of buying all of TikTok in its negotiations with ByteDance.

 

Microsoft had said it was seeking to buy the assets of TikTok in North America, Australia and New Zealand. It had not disclosed how much it was willing to pay, though sources previously told news source that ByteDance executives value all of TikTok at more than $50 billion.

 

The company is exploring whether it can add regions including India and Europe to the deal. There was a “deal in the works” with Microsoft for TikTok India but it fell through.

 

TikTok faces a September 15 deadline to either complete a sale of its U.S. operations to Microsoft or face a ban in the United States.


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