Microsoft has suspended talks on buying TikTok, the media writes

American Firm Microsoft has suspended the Chinese dialogues c ByteDance owning service TikTok, the acquisition of a share of the American division of the social network, following a statement by Donald trump on possible closure of the whole service, writes the wall Street Journal citing sources.

first printed edition of the new York times, also citing sources, said that Microsoft is engaged with ByteDance on the acquisition of TikTok. Then trump said he plans to introduce a ban on in USA TikTok. Bloomberg also reported that at least one major Firm except Microsoft, and investors have expressed interest in acquiring the Chinese ByteDance stake in the social network.

according to WSJ, the dialogue is not over, the parties await the announcement of the position of the White house. His designee on the first day weekend said that the administration continues to evaluate the future policy regarding the Chinese application and assumes that TikTok can be a danger to the safety of the state.

on the first day weekend was announced that ByteDance made the offer to sell its stake in Its American division, to prevent the ban of the social network in USA after the danger of trump.

TikTok is the app for creating and viewing a short video. Released in 2018, it is the leader in the segment of applications for short videos in China and is gaining popularity all over the world.



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sections: Politics