Reports Say Twitter In Talks With TikTok To Buy US Operations

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• Reports Say Twitter In Talks With TikTok To Buy US Operations

Apparently, there is another competitor for TikTok in the United States. The struggling Chinese video-sharing app, which is under immense pressure from the US government to recover, has discussed the matter with Microsoft. First, they said that Microsoft would be interested in taking over TikTok's operations in North America, New Zealand, and Australia. After that, the Indian and European regions were also grouped together. TikTok is also banned in India for security reasons. Amidst all the hubbub comes the news that the social media platform Twitter is interested in taking over TikTok in the United States. The Wall Street Journal, citing unnamed sources, reported that Twitter had had preliminary talks with TikTok about the possibility of acquiring the US operations of TikTok, which is under fire from US lawmakers over national security concerns around data collection. . The Wall Street Journal report is corroborated by the Reuters news agency, which, for its part, has two other people familiar with the development confirming Twitter's interest in TikTok. Time is running out for TikTok as US President Donald Trump issued an executive order that appears to ban Americans from doing business via TikTok. The president issued an executive order, which will take effect in 45 days.

Twitter's financial power isn't that great

What's amazing about Twitter throwing its hat in the TikTok ring is the fact that, as a company, its own market capitalization is roughly on par with the TikTok asset valuation it wants. resume. Analysts say both are hovering around the €30 billion mark. In other words, Twitter will really have to try harder if it wants to succeed in its bid for TikTok's US operations. But one of Twitter's investors, big tech investor Silver Lake, is said to be particularly interested in TikTok. He is reported to be the driving force behind this surprisingly largely conservative Twitter tactic that is not known for its oh-so-bold takeover offers. Twitter's own shareholders may want it to focus on its core business. Either way, analysts say Twitter's decision is largely on paper, while Microsoft remains the lead in acquiring TikTok. Informed sources are said to have said that Microsoft is willing to reach an agreement in mid-September. But one thing that may work in Twitter's favor is that it's not operational in China, so it may be less monitored than Microsoft in Beijing. TikTok and its parent company ByteDance have neither denied nor confirmed Twitter's interest in it.