Microsoft announces its intention to buy TikTok
Microsoft has released an official statement detailing its intention to acquire TikTok. And the moment, it is in this complicated management process with its government.
Since Microsoft has decided to reveal their letters, they have not only admitted the intention to get TikTok. They have also published a statement on their blog where they comment on the moment they are in. And of the difficulties they must face in this complicated purchase are that they have an undeniable political aspect.
TikTok has been at the center of the controversy for a long time. And the initial rumors about its blockade in the United States have become direct threats by Trump. The president’s statements and the example of Huawei have made it impossible to ignore the danger. So so suffered from widespread application. But the arrival of American investors can change everything.
Microsoft has not only announced that it plans to acquire TikTok in some territories. But has also launched an appeal to other investors to join a movement. That would place the Nadella company as one of the great competitors in the social media sector, where it remains on a second line.
Microsoft CEO Satya Nadella has spoken directly with Donald Trump to pave the way, as no one doubts the White House’s ability to block the purchase. However, no specific point has yet been reached: “After a Conversation between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is ready to continue negotiations and explore the purchase of TikTok in the United States. “
The purchase of TikTok would go hand in hand with a review of the application. And significant changes to the application to reassure the US government. Microsoft “agrees to acquire TikTok subject to a full security review. And provide the corresponding economic benefits to the United States.”
But this is not a bet for the future and has a deadline of September 15. The agreement can be reached before that day. It would cause Microsoft to control Tiktok over the US, Canada, Australia, and New Zealand. It is unknown what would happen to India, where it has already been blocked.
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This would save one of the main problems the Trump government encounters on TikTok. By ensuring that “all the private data of US TikTok users is transferred and remains in the United States. To the extent that such data is currently stored or backed up outside the United States. Microsoft will ensure they are removed from servers outside the country after being transferred. “
Although all this information is already known, another is still kept secret—for instance, Microsoft’s price for controlling the business of such volume. The only thing you can venture is that the news with TikTok will continue in the coming months.
TikTok’s new CEO, Kevin Mayer, plans to lean towards music and video games when on June 1. He takes the helm of this video social network that continues to grow.
In an interview with The Wall Street Journal, the former Disney streaming services director said that in addition to growing TikTok’s video division. He would look for “closely related businesses that are big,” specifically in video games and music.
Even though this app is primarily young, it has had a massive impact on the music industry.
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