Microsoft is aiming to acquire TikTok’s Global Business; Will TikTok relaunch in India?
Team Udayavani, Aug 10, 2020, 11:30 AM IST
Microsoft in a statement had announced that they are in talks with Bytedance and US government to acquire the US operations of TikTok. However, Microsoft is also aiming to acquire TikTok’s global operations, and that includes India as well.
According to FT, negotiations are on between Microsoft and ByteDance, which are TikTok’s owners to a possible acquisition. It is said that the deal can be pegged at $50 billion for entire global operations of TikTok
Will TikTok be relaunched in India?
According to Qrius, It is possible. TikTok has been banned in India due to its links with Chinese Govt, and due to privacy issues. However, once Microsoft acquires TikTok, it will become a US company, and then there will be no trouble.
But, it is said that the talk of acquiring Indian operations has ‘fell through’ in the initial phase. Also, a report by Livemint says, If Microsoft buys it in the US, perhaps that version will try venturing into India. But it would be better if TikTok’s domestic unit found an Indian buyer for it to be allowed back in.
Proposal to rename Ladyhill Circle put on hold
Sandalwood drug case: Lookout notice for Aditya Alva, Film producer Shiva Prakash
India’s COVID-19 tally races past 55 lakh; recovery rate rises to 80.86 pc
Related Articles More
Bhiwandi Building Collapse: Here’s what we know so far
What is #StopHateForProfit campaign and how will it impact Facebook?
FinCEN Files: Everything you need to know about the documents leak on money laundering
Who are the front-runners that have emerged to fill Ruth Ginsburg’s Supreme Court seat?
Who is Payal Ghosh, the actress who has accused Anurag Kashyap of sexual harassment?