Technology • Internet & Web
2020-08-03T08:00:02+00:00

Microsoft to continue discussions on potential TikTok purchase in the United States

The discussions with ByteDance will build upon a notification made by Microsoft and ByteDance to the Committee on Foreign Investment in the United States (CFIUS). The two companies have provided notice of their intent to explore a preliminary proposal that would involve a purchase of the TikTok service in the United States, Canada, Australia, and New Zealand and would result in Microsoft owning and operating TikTok in these markets. Microsoft may invite other American investors to participate on a minority basis in this purchase.

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Uruguayan geek living in Berlin
Card reviewed by: @ericof