Microsoft not giving on Tik-Tok purchase

Published: 4 August 2020 - 12:17 p.m.
By: Nikhil Pereira

Following a conversation between Microsoft CEO Satya Nadella and US President Donald J. Trump, Microsoft is prepared to continue discussions to explore a purchase of TikTok in the United States.

In a blog post, Microsoft said it "fully appreciates" the importance of addressing the concerns raised by President Trump.

ByteDance, TikTok's Chinese-based parent company , has come under pressure to sell its US business after Trump threatened to tighten the stranglehold on Chinese tech companies.

To that ilk Microsoft says it remains committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury.

In a blog post Micrsoft said: "Microsoft will move quickly to pursue discussions with TikTok’s parent company, ByteDance, in a matter of weeks, and in any event completing these discussions no later than September 15, 2020. During this process, Microsoft looks forward to continuing dialogue with the United States Government, including with the President."

A failure to reach a deal by September will lead to the app being banned in the US, President Trump has warned.

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