Twitter is apparently interested in buying TikTok, too
The race to buy the U.S. side of TikTok before the app is banned in the states has an interesting new competitor: Twitter.
Reuters reported on Saturday that the popular microblogging platform has spoken to TikTok's parent company ByteDance about a possible sale. ByteDance has 43 days to agree to sell the U.S. arm of its massive video creation and sharing app before president Donald Trump's recent executive order banning its use in the U.S. kicks in.
The problem for Twitter, according to Reuters, will be money. Without getting too in the weeds, Twitter is not worth nearly as much as Microsoft, the prohibitive favorite to acquire the stateside operations of TikTok at the moment. If Twitter wants to outbid the company behind Windows, Office, and Xbox, it needs to shore up support from financial partners before the Sept. 15 deadline. Read more...
More about Twitter, Microsoft, Donald Trump, Tiktok, and Bytedance
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Sunday, August 09, 2020
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