TikTok has until 15th September to sell to Microsoft or Close its US Operations

Large numbers of KOLs and other famous TikTok’ers will be scrambling to find alternatives … just in case the deal doesn’t go through between TikTok’s parent company ByteDance and Microsoft. So what’s the alternative? Instagram or YouTube I guess.

Taken from New York Times … President Trump gave the go-ahead for Microsoft to pursue an acquisition of TikTok, in his first public comments about the popular Chinese-owned video app after he had threatened to ban it from the United States entirely.

At the White House on Monday, Mr. Trump said that TikTok would shut down on Sept. 15 unless Microsoft or another company purchased it, and that he had suggested in a call this weekend that the chief executive of Microsoft “go ahead” with the acquisition.

“It can’t be controlled for security reasons by China,” Mr. Trump said of TikTok, adding that he did not mind if Microsoft or another very secure, “very American” company bought it instead.

Mr. Trump said such a purchase would funnel a large amount of money to China, and argued that the United States should receive money in return for letting the deal happen, without explaining how that would work.

Source: New York Times

 

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