Home United States USA — IT Microsoft-TikTok deal may not happen: Report – Latest News

Microsoft-TikTok deal may not happen: Report – Latest News

30
0
SHARE

The Microsoft-TikTok deal may not happen as odds of the deal are “not higher than 20 per cent,” the South China Morning Post (SCMP) reported on Monday.
San Francisco: The Microsoft-TikTok deal may not happen as odds of the deal are “not higher than 20 per cent,” the South China Morning Post (SCMP) reported on Monday. The probability of Microsoft buying TikTok is “not higher than 20 per cent” since the initial price offered by the US software giant was akin to “robbing the owner when his house is on fire”. The chances of Twitter buying TikTok is said to be even smaller, as the micro-blogging platform “just doesn’t have enough money.” The report, quoting sources, said that the Chinese firm ByteDance which is the owner of TikTok is “set to step up its fight against US President Donald Trump’s executive order to ban its TikTok app in the US”.

Continue reading...