As the Trump administration has intensified its attack on TikTok in recent weeks, citing national security risks, the acquisition of TikTok’s US operations by a US company – probably Microsoft – has been painted as the only option to avoid a ban.
However, the South China Morning Post reports that acquisition talks for TikTok’s US operations are “unlikely” to end in a deal, supporting the idea that ByteDance is not ready to give up its monstrous US audience without a fight.
Microsoft’s expected acquisition of TikTok’s operations in the United States, Canada, New Zealand and China has an estimated valuation between $ 1
NPR reported over the weekend TikTok plans to sue the Trump administration over its executive order to ban “all transactions” between Americans and ByteDance – which faces important issues regarding its legality and violations of the First Amendment – alleged that the company was not given “a chance to The lawsuit, which could be filed as early as Tuesday, is the most concrete step ByteDance has taken to date to show that it has no plans to pass the Trump administration’s directive.
In China, ByteDance and CEO Zhang Yiming have faced criticism for overly handing over Trump by agreeing to hold talks with US companies on the acquisition of TikTok’s US operations. For employees, Zhang defended the move as a “legal process” ByteDance had to follow.
According to Trump’s executive order, ByteDance has less than 45 days to find a buyer. Since it was first reported in late July that Trump planned to take action against TikTok, Microsoft has emerged as the top runner. Over the weekend, the Wall Street Journal reported that Twitter was in “preliminary” talks about acquiring TikTok in the United States.