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Are they serious? Twitter has also started groping about acquiring Tiktok
According to a Wall Street Journal report, the social network is also interested in the acquisition, while ByteDance is expected to enter into a legal battle with Trump, which has banned it from conducting financial operations in the US
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Walla! Business
Sunday, 09 August 2020, 09:29Following the announcement of the contacts between Microsoft and Tiktok, tonight (Saturday through Sunday) it was reported in the Wall Street Journal that Twitter is also interested in the deal and has begun contacts with Bytedance. However, the two companies face a number of difficulties, which are posed by President Donald Trump.
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Enter the Club of the Cool: Why is Microsoft interested in acquiring Tiktok?
To the full article
Want to be in the game. Jack Dorsey, CEO of TwitterThe biggest hurdle right now is the barrier that Trump puts on Bytedance from executing any deal in the United States. The administration considers Tiktuk a security risk, although there is no evidence that information obtained by Tiktok fell into the hands of the Chinese government. Tiktok intends to appeal against Trump's order, and the issue appears to be decided in court. In any case, Microsoft is still the leading horse in this race, and it seems that in every possible purchase deal it has superiority in order to close an interest. It is estimated that if the deal goes through, Microsoft will pay between $ 10 billion and $ 30 billion.
As for Twitter, it is not clear what the nature of the deal is, if any. "Because it is much smaller than Microsoft, the offer will not be on the same terms as Microsoft," the WSJ said. Twitter has 186 million users worldwide, Tiktok 100 million in the United States alone.
