What’s brewing in the U.S. lately other than banning TikTok? If your guess is the acquisition of TikTok’s bidding war, you and I have the same humor indeed. It seems like the future of the U.S. lies in the hands of TikTok; the good news is that they are going through a bidding war and not a real war. Microsoft and President Donald Trump are said to have returned to discussions about the potential acquisition of TikTok, the popular social media platform owned by Chinese company ByteDance. These discussions were provoked particularly by fears regarding National Security in America. Despite having an estimated 170 million American users of TikTok, the only choice for ByteDance is to either sell TikTok or face a U.S. ban.
TikToks’ Bidding War:
It is not the first time that Microsoft has considered purchasing TikTok; back in 2020, it almost entered negotiations when other proposals were suggested to Trump by the same government committee on National Security. Trump decided to Eliminate TikTok and ban it from the country, resulting in a halt. There have been speculations that acquisition bids by other social media platforms had already begun by Elon Musk, CEO of Tesla. Perplexity AI sources claim that the takeover might accommodate as much as 50% of TikTok’s share capital once they merge. On the other hand, Satya Nadella, CEO of Microsoft, declared that the deal was a revolutionary attempt by Microsoft. As no particulars are available on the government’s involvement, there is no such interference about the terms of the agreement. TikTok’s future in the U.S. is uncertain until more news about Microsoft could emerge due to its purchase, which is a significant deal for them.
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