The probably ‘Indian angle’ in Microsoft’s acquisition of TikTok – Latest News

Microsoft Corp is chasing a deal to purchase all of TikTok‘s international enterprise, the Financial Times reported, citing 5 individuals with information of the talks.

However, a supply conversant in the discussions informed Reuters that Microsoft had not raised the prospect of shopping for all of TikTok in its negotiations with ByteDance.

Microsoft had stated it was searching for to purchase the belongings of TikTok in North America, Australia and New Zealand. It had not disclosed how a lot it was keen to pay, although sources beforehand informed Reuters that ByteDance executives worth all of TikTok at greater than $50 billion.

Microsoft declined to touch upon the report. TikTok mother or father ByteDance didn’t instantly reply to Reuters’ requests for remark.

The firm is exploring whether or not it may add areas together with India and Europe to the deal, in accordance with the FT report.

There was a “deal within the works” with Microsoft for TikTok India but it surely fell via, the FT reported, citing one particular person near ByteDance in India.

TikTok faces a Sept. 15 deadline to both full a sale of its U.S. operations to Microsoft or face a ban within the United States.

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