By Tony Winterburn • Published: 09 Aug 2020 • 20:30
Twitter is reportedly in last-minute talks with the owners of TikTok to broker a deal before Software giant Microsoft put in their offer.
Twitter has approached TikTok’s Chinese owner ByteDance to express interest in acquiring the US operations of the video-sharing app, two people familiar with the matter told Reuters, as experts raised doubts over Twitter’s ability to put together financing for a potential deal.
It is far from certain that Twitter would be able to outbid Microsoft and complete such a transformative deal in the 45 days that US President Donald Trump has given ByteDance to agree to a sale, say sources. Tiktok issued a measure to its massive US community.
A message to the TikTok community. pic.twitter.com/UD3TR2HfEf — TikTok US (@tiktok_us) August 1, 2020
A message to the TikTok community. pic.twitter.com/UD3TR2HfEf
— TikTok US (@tiktok_us) August 1, 2020
The biggest challenge to any deal is the Trump administration’s executive order from August 6th. The executive order bars ByteDance, TikTok’s owners, from handling transactions in the US. The order takes effect within 45 days. The administration considers the Chinese-owned app a potential security threat to the U.S.
The biggest challenge to any deal is the Trump administration’s executive order from August 6th. The executive order bars ByteDance from handling transactions in the US. The order takes effect within 45 days. The administration considers the Chinese-owned app a potential security threat to the U.S.
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