TikTok, the social network known for short videos with sweet dances, may get a new owner soon. At least for the US part of the business. Microsoft confirmed that it is in talks to buy TikiTok in the US
TikTok currently has over 100 million users in the United States, but it is a global social network. The current parent company ByteDance is based in China. This fact led to accusations that US data ends up on Chinese servers, despite TikTok̵7;s assurances otherwise. President Trump had recently threatened to ban the social network in the United States on national grounds.
This is where Microsoft comes in. The company plans to buy the US, Canada, Australia and New Zealand part of TikTok and bring all US information to the country. This information would stay on Microsoft’s Azure servers and all ties to offshore servers would be interrupted.
Initially, it looked like President Trump was not happy with the idea, but Microsoft’s CEO, Satya Nadella, spoke to the president by phone. It seems to have made the difference, and the conversation about a buyout is underway.
Microsoft says it wants to complete negotiations by September 15, 2020.