Twitter possibly to tie up with TikTok
10th August: Social media app ‘Twitter’ is looking at a possible tie-up with TikTok.
According to sources, Twitter has approached TikTok’s Chinese owner ByteDance to express an interest in buying its US operations.
Video-sharing app TikTok has been the center of many debates in recent weeks. Last week US Donald Trump ordered firms to stop doing business with TikTok within 45 days over security concerns. The Trump administration claims that the Chinese government has access to user information gathered by TikTok, which the firm has consistently denied.
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Tech-giant Microsoft is the front-runner to buy TikTok, but Twitter has emerged as a possible suitor.
According to the Wall Street Journal, it remains unclear whether Twitter will be able to buy TikTok from its Chinese owners and can complete its deal within 45 days.
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The value of TikTok’s US operations isn’t clear but estimates put it at tens of billions of dollars.
Twitter’s market capitalization is about $29bn (£22bn), dwarfed by Microsoft’s at more than $1.6tn.
However, a possible Twitter deal would face less regulatory scrutiny than Microsoft’s.
A spokesman from Twitter has declined to comment on a possible deal while TikTok didn’t respond immediately when contacted by the BBC.
Stay tuned to Baaghi TV for further updates!
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