Sources: ByteDance has agreed to divest US operations of TikTok under a proposed new deal with the White House that would see Microsoft take over TikTok in US
NEW YORK (Reuters) - China's ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House …
Related Coverage
- ByteDance and Microsoft offer deal to allow TikTok to remain in the U.S., per report TechCrunch
- ByteDance Said to Offer to Sell TikTok's U.S. Operations New York Times
- ByteDance and Microsoft offer White House a deal to keep TikTok in the U.S. VentureBeat
- ByteDance reportedly reaches deal to sell TikTok American operations The Verge
- Tik... Tok... Microsoft emerges as what looks to be an Azure play after Donald Trump says he's going to ban TikTok OnMSFT.com
- TikTok owner reportedly agrees to sell US stake to avoid ban Engadget
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Discussion
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@danprimack
Dan Primack
on x
Source tells me Trump “as a deal on his desk” whereby Bytedance would sell 100% of TikTok to MSFT. Unclear if current VC shareholders would roll over into it. This is what they thought he wanted.
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@tomgara
Tom Gara
on x
Also, TikTok will put Microsoft right into the thick of the Great Moderation War, which is maybe the worst PR / regulatory quagmire the tech industry has experienced in decades, and one Microsoft has managed to almost entirely stay out of
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@tomgara
Tom Gara
on x
(It could also have two billion users in five years! But just seems way riskier, and in a much more ephemeral and unpredictable space than anything else Microsoft is used to playing in)
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@tomgara
Tom Gara
on x
This Reuters report makes fairly clear what's really going on: TikTok is close to a deal to sell to Microsoft, the Chinese owners were haggling over trying to retain a small stake, Trump's threat to ban was just a blustery negotiating tactic https://www.reuters.com/...
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@sherman4949
Alex Sherman
on x
I was also told yesterday that the deal Microsoft was talking about was 100% of TikTok. This is a big deal - billions of dollars at stake. https://www.cnbc.com/... https://twitter.com/...
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@tomwarren
Tom Warren
on x
Reuters reporting that TikTok owner ByteDance has offered the US a deal that involves Microsoft taking ownership of TikTok in the US. Up to the White House to decide now, but I hope Microsoft doesn't announce this during the FA Cup final 😅 https://www.reuters.com/... https://twit…
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@vladsavov
Vlad Savov
on x
The US is such a lover of free enterprise that its president is holding a gun against TikTok's head and telling ByteDance “sell it or it dies.” https://www.reuters.com/...
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@charlesarthur
Charles Arthur
on x
“Please join my professional network on TikTok (and, optionally, Minecraft)” https://twitter.com/...