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Microsoft Insists on Buying TikTok’s US Operations

Ideasgist by Ideasgist
August 4, 2020 - Updated on August 29, 2022
in Tech
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Microsoft in a statement, confirmed that it’s still considering buying Chinese-owned video-sharing app TikTok.

CEO of Microsoft Satya Nadella earlier had a conversation with President Donald Trump about the acquisition on Sunday, saying that Microsoft “fully appreciates the importance” of addressing President Trump’s concerns.

The company said that a full security review of the app would be initiated.

Microsoft will also have to provide the US government with a list of the “proper economic benefits” to the country, it said in a blog post.

Microsoft hopes to conclude discussions with TikTok’s parent firm ByteDance by 15 September.

AlsoRead:

Elon Musk’s Starlink Names Payment Channel

Introducing Ectolife, the World’s First Artificial Womb Facility.

Twitter Founder Jack Dorsey is Creating a New Social Network. Look Out, Elon.


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