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Tech giant Twitter becomes a contender for buying TikTok



Chinese video-sharing platform TikTok has been in the center of talks recently after US President Donald Trump ordered US companies to stop doing business with it and gave TikTok 45 days’ notice to stop operating in the US unless they are sold.

Tech giant Microsoft was the front runner for buying TikTok from its current owner Chinese internet technology company ByteDance. However, Twitter also expressed interest in buying the video platform’s US operations.

It is still unclear whether Twitter can afford it the deal or will be able to complete within the 45-day time frame. Microsoft is valued at over $1.6 trillion while Twitter is only at $29 billion. It is still unclear how much the deal will be worth but experts estimate TikTok’s operations at tens of billions of dollars.

Twitter becomes a contender for buying TikTok

The Trump Administration issued two executive orders last week giving US companies 45 days’ notice to stop dealing with TikTok and WeChat, a Chinese messaging platform owned by Tencent. Trump alleges that the Chinese government has access to user data collected through the TikTok app.

Trump said:

Donald Trump
Donald Trump

It can’t be controlled, for security reasons, by China. Too big, too invasive and it can’t be. And here’s the deal, I don’t mind whether it’s Microsoft or someone else, a big company, a secure company, very American company buy it.

Trump also said that if a deal is made, the US Treasury would get a lot of money without explaining how that would work.

TikTok has repeatedly denies the allegations and has threatened legal action against the US. Tencent said that they are reviewing the executive order to gain better understanding.

Tencent is also a leading gaming company with 40% stake in Epic Games, which made the infamous Fortnite video game.

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Tech giant Twitter becomes a contender for buying TikTok

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