Chinese ByteDance agreed to sell American business TikTok… Thus, the Chinese company intends to resolve the situation. We are talking about a statement by US President Donald Trump on the blocking of the service in the States.
As reported Reuters, ByteDance’s concession will test whether Trump’s threat is just an aggressive negotiating tactic or an attempt to eliminate a competitor. After all, 80 million Americans use the service every day.
Trump told reporters yesterday that he signed a decree banning TikTok in the US today, but now it looks like the service will be bought. Microsoft… True, at the moment this information has declined to comment in the White House, in the corporation from Redmond and in ByteDance, so the situation may change. And it is not yet clear whether the purchase will be able to relieve the service from blocking.
The creators also released a video message where they thanked users for their support.
In addition to Microsoft, investors in the service, including Sequoia and General Atlantic, are interested in acquiring a controlling stake in TikTok. We are talking about at least $ 50 billion, but this is only an approximate amount. ByteDance believes the app is more expensive. According to Reuters, the price of the service has reached $ 140 billion this year.
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