Informed sources revealed today that Microsoft and other companies intend to acquire TicTok in United States in an effort to ease pressure from the Trump administration.
Three years ago, the Committee on Foreign Investment in the United States was conducting an extensive investigation into the deal by ByteDance's acquisition of Musical.ly, which was later converted to Tik Tok.
The committee asked the chinese company to separate Tik Tok after it saw it as a threat to national security because of its ownership by China.
The Trump administration is considering several scenarios to mitigate the impact of the mini-video application, including banning the app in the country, removing it from the U.S. App Store, or even adding it to the list of Entitiy to apply the same ban applied to Huawei in terms of preventing it from dealing with American companies.
President Trump confirmed that there are several options regarding the chinese application, including banning, but he added that there are a lot of things happening that make his decision not yet decided, and the final decision is expected to be made on Saturday.
Tik Tok discussed several scenarios for diversifying owners and investors, including dealing with non-chinese risk investment companies such as Japan's SoftBank, Sequoia Capital or General Atlantic, and allowing them to purchase a controlling interest in ByteDance. But the news is now talking about Microsoft's acquisition.
The market value of ByteDance is currently estimated at $ 100 billion, according to a study by PitchBook.
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