Twitter ‘looking’ at a possible TikTok tie-up

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Twitter 'looking' at a possible TikTok tie-up

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Twitter has approached TikTok’s Chinese language proprietor ByteDance to precise an curiosity in shopping for its US operations, in response to sources.

Video-sharing platform TikTok has been on the centre of fierce debate in current weeks and takeover speak.

Final week US Donald Trump ordered companies to cease doing enterprise with TikTok inside 45 days over safety considerations.

Tech large Microsoft is the front-runner to purchase TikTok however now Twitter has emerged as a doable suitor.

But it surely stays unclear whether or not Twitter can afford to purchase TikTok from its Chinese language homeowners and may full a deal inside the 45-day window, in response to sources quoted within the Wall Avenue Journal.

The worth of TikTok’s US operations aren’t clear however estimates put it at tens of billions of {dollars}.

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Media captionWATCH: What’s TikTok?

Twitter’s market capitalisation is about $29bn (£22bn), dwarfed by Microsoft’s at greater than $1.6tn.

However consultants consider a doable Twitter deal would face much less regulatory scrutiny than Microsoft’s.

A Twitter spokesman declined to touch upon a doable deal whereas TikTok did not reply instantly when contacted by the BBC.

‘Shocked’

Final Friday, Mr Trump ordered US companies to cease doing enterprise with the Chinese language app inside 45 days. The Trump administration claims that the Chinese language authorities has entry to consumer info gathered by TikTok, which the agency has constantly denied.

In response to the US president’s govt order, TikTok has threatened authorized motion towards the US saying it was “shocked” by the transfer.

The US authorities additionally unveiled a ban on Chinese language-owned messaging app WeChat as tensions escalate between the 2 nations.

Mr Trump mentioned final week he would assist Microsoft’s efforts to purchase TikTok’s US operations if the federal government acquired a “substantial portion” of the proceeds.

He has set a deadline of 15 September for the deal to be accomplished or the ban will go forward.

Microsoft mentioned it “will transfer shortly to pursue discussions” for TikTok’s operations within the US, Australia, Canada and New Zealand.

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